Ibit now is easily profitable ETF of Blackrock

The Blackrock’s Spot Bitcoin Exchange-Traded Fund has formed nearly $ 245 million in the fees last year, making it now the profitable ETF for the firm through a wide margin.

Ishares Bitcoin Trust ETF (IBIT) is currently defeating Ishares Russell 1000 Growth ETF (IWF) and the Ishares MSCI EAFE ETF (EFA) of $ 25 million in annual income, Blackrock ETF analyst Eric Balchunas Na -Post to X on Monday.

Go now It has been The most beneficial blackrock ETF when it was presented on the IWF and EFA in the middle of July, as previous X posts from Balchunas Show.

Each other Blackrock ETF in the top 12 by paying revenue for more than a decade, Balchunas mentioned on Monday, while added that Ibit is now “one hair” – or $ 2.2 billion – away from up to $ 100 billion milestone despite the launch of just 22 months ago.

Blackrock generates income from ibit by management fees – current 0.25% of its total ownership under management, with increasing income as investor demand and bitcoin (Btc) price increases.

Ibit is the dominant Bitcoin fund in the US. Last week, the fund was worth more than $ 1.8 billion of $ 3.2 billion in total flow to US SPOT Bitcoin ETFs on its Second largest week In the record. Bitcoin broke $ 125,000 Mark at the first time on the weekend.

Increasing demand for Bitcoin ETF spots is also driven by Washington’s heat in crypto under the Trump administrationthat promised to make America the “Crypto capital of the world.”

Itit set to be the fastest ETF up to $ 100 billion

With $ 97.8 billion in net assets recorded in just 435 days, Ibit was on track to surpass the S&P 500 fund of the Vanguard (VOO) and became the first ETF to cross $ 100 billion, Balchunas mentioned. The voo reached $ 100 billion in 2,011 days (around 5.5 years).

Blackrock explores a new way to make income from Bitcoin

Blackrock filed to register a Delaware Company for the proposed Bitcoin premium income etf Late last month, which signed a push to expand its Bitcoin offerings.