BlackRock’s Crypto ETFs Hit $260M in Revenue
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BlackRock has quietly turned its early crypto ventures into a major revenue stream, generating over $260 million annually from digital asset products in under two years. The bulk comes from its iShares Bitcoin Trust (IBIT) and Ethereum ETF (ETHA), which now dominate the crypto ETF market. IBIT alone manages $88 billion in assets, making it the largest crypto ETF globally, while ETHA controls 72.5% of all US ETH ETF flows.#BlackRock #CryptoETF #Bitcoin #Ethereum #Investing