Synopsis – BlackRock’s iShares Bitcoin Trust ETF (IBIT) is just $2.2 billion away from hitting $100 billion in assets under management. Launched in January 2024, IBIT has rapidly become the most profitable ETF in BlackRock’s portfolio. It has generated nearly $245 million in annual revenue, outshining the firm’s traditional flagship funds in less than 22 months.

This milestone reflects unprecedented growth driven by strong investor demand for spot Bitcoin exposure, Bitcoin’s price rally past $125,000, and a supportive regulatory environment. Bloomberg ETF analyst Eric Balchunas described IBIT as “a hair away” from the $100B mark, underscoring its dominance in U.S. crypto ETFs.

Overtaking Decades-Old Leaders

IBIT earns $25 million more annually than BlackRock’s second and third most pr

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