In less than two years, BlackRock’s Bitcoin spot ETF has become a giant in the sector. The iShares Bitcoin Trust (IBIT) has surpassed $93 billion in assets and is outperforming the group’s flagship ETFs, reflecting the growing appeal of Bitcoin within institutional finance.
BlackRock’s spot Bitcoin ETF earns it more than $240 million per year
Launched in January 2024, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has exceeded all expectations and broken records that seemed unattainable.
Today, IBIT exceeds $93 billion in assets under management, representing more than 760,000 BTC, or 60% of the US spot Bitcoin ETF market.
The iShares Bitcoin Trust ETF stands out once again by becoming BlackRock’s most profitable fund, less than two years after its launch.
According to Bloomberg Intelligence, IBIT already generates $244.5 million in annual revenue, surpassing popular ETFs such as the iShares Russell 1000 Growth ($219.3 million) and the iShares Core S&P 500 ($210.3 million).
With nearly $100 billion in assets under management, IBIT ranks fifth among BlackRock’s funds in terms of market capitalization, most of which have been in existence for more than 20 years.
This performance illustrates the growing appetite among institutional and retail investors for direct exposure to Bitcoin.
However, these types of products do not allow investors to truly benefit from Bitcoin’s unique characteristics, such as its resistance to censorship. Only by holding Bitcoin in a self-hosted wallet can investors benefit from these characteristics and ensure that no one can seize or freeze their funds.
