BlackRock’s spot Bitcoin exchange-traded fund IBIT has change into the asset supervisor’s third-highest revenue-generating ETF simply 18 months after its launch, based on knowledge shared by Bloomberg senior ETF analyst Eric Balchunas.
Technique Chairman Michael Saylor responded to the milestone by predicting that IBIT will quickly change into BlackRock’s primary revenue-generating ETF.
The IBIT fund has roughly $76 billion in property underneath administration and an expense ratio of 0.25%, producing an estimated $191 million in annual income.
The income locations it behind solely BlackRock’s iShares Russell 1000 Development ETF (IWF), which generates round $211 million, and the iShares MSCI EAFE ETF (EFA), which generates roughly $207 million.
A separate Bloomberg Information report famous that IBIT is now solely $9 billion in property away from overtaking IWF to change into BlackRock’s prime revenue-generating ETF out of its lineup of over 1,100 funds.
In line with Balchunas:
“Simply one other insane stat for a 1.5-year-old (actually an toddler) ETF.”
IBIT launched in January 2024 alongside different spot Bitcoin ETFs accredited by the U.S. Securities and Trade Fee.
Inside days of its debut, IBIT grew to become the quickest ETF in historical past to cross $2 billion in inflows, surpassing conventional market leaders and setting a number of information for first-week subscriptions.
By its six-month mark, the fund had already grown to over $50 billion in property, reflecting accelerating institutional and retail demand for regulated Bitcoin publicity.
In line with the Bloomberg report, IBIT’s efficiency highlights the rising integration of Bitcoin into conventional portfolios, mirroring the trajectory of gold ETFs over the previous twenty years.
The product has been broadly adopted by monetary advisors, company treasuries, and hedge funds looking for liquid, regulated publicity to Bitcoin with out the complexities of direct custody.
