BlackRock’s spot Bitcoin ETF ($IBIT) has rapidly climbed the ranks to become the firm’s third-largest revenue-generating fund, despite launching just 1.5 years ago.
According to Bloomberg ETF analyst Eric Balchunas, IBIT now trails only $9 billion in assets behind the top spot and is generating $191 million in annualized revenue.
The meteoric rise of IBIT places it ahead of many long-established funds and highlights the growing appetite for digital asset exposure among institutional investors.
With $76.3 billion in fund assets and a 0.25% expense ratio, IBIT has outperformed more seasoned ETFs like IVV and EEM in revenue contribution for BlackRock.
The current top 10 revenue-generating ETFs for BlackRock, based on Balchunas’ breakdown, are:
- IWF (iShares Russell 1000 Growth ETF) – $111.3B in assets, 0.19% fee, $211M est. revenue
- EFA (iShares MSCI EAFE ETF) – $64.6B in assets, 0.32% fee, $207M est. revenue
- IBIT (iShares Bitcoin Trust) – $76.3B in assets, 0.25% fee, $191M est. revenue
- IVV (iShares Core S&P 500 ETF) – $627.7B in assets, 0.03% fee, $188M est. revenue
- EEM (iShares MSCI Emerging Markets ETF) – $18.4B in assets, 0.72% fee, $133M est. revenue
- IWM (iShares Russell 2000 ETF) – $66.2B in assets, 0.19% fee, $126M est. revenue
- IWD (iShares Russell 1000 Value ETF) – $62.7B in assets, 0.19% fee, $119M est. revenue
- IAU (iShares Gold Trust) – $47.4B in assets, 0.25% fee, $118M est. revenue
- IVW (iShares S&P 500 Growth ETF) – $60.4B in assets, 0.18% fee, $109M est. revenue
IBIT’s performance underscores the strong demand for crypto-linked investment vehicles and suggests that digital assets are becoming a key pillar in BlackRock’s ETF strategy.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/blackrocks-bitcoin-etf-ibit-rises-to-top-3-in-revenue-rankings/