BlackRock’s Bitcoin ETF Reaches $100 Billion Milestone: Dominance in Sight

Less than two years after launch, BlackRock’s iShares Bitcoin Trust (IBIT) has become a dominant force in the cryptocurrency ETF market. It’s not only setting records but also exceeding expectations, with annual revenue outpacing other BlackRock ETFs even those established for over a decade. Its swift rise is evident in its $245 million in fees earned over the past year – significantly higher than legacy funds such as the iShares Russell 1000 Growth ETF and the iShares MSCI EAFE ETF.