Bitcoin Magazine BlackRock’s Bitcoin ETF Nears $100 Billion, Becomes Firm’s Most Profitable Fund

BlackRock, celebrated for its diverse suite of exchange-traded funds spanning decades of market trends, has a new crown jewel: its Bitcoin ETF.

The iShares Bitcoin Trust ETF (IBIT), launched just 21 months ago, is on the verge of reaching $100 billion in assets under management, making it BlackRock’s most profitable fund — outranking even products that have been in circulation for more than two decades.

According to Bloomberg Intelligence analyst Eric Balchunas, IBIT currently generates roughly $244.5 million in annual revenue.

“Check out the ages of the rest of the Top 10. Absurd,” Balchunas noted on X, highlighting the speed and stark contrast between the Bitcoin fund and BlackRock’s long

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