BlackRock's Bitcoin ETF assets are approaching $100 billion, making it BlackRock's most profitable product

ChainCatcher news, according to data from Bloomberg analysts Eric Balchunas and James Seyffart, BlackRock's Bitcoin ETF is set to surpass $100 billion in assets due to massive inflows and rising Bitcoin prices, generating more revenue than any of BlackRock's over 1,000 global funds.

The fund charges a 0.25% fee, with annual revenue exceeding $240 million, achieving remarkable results in less than two years. Its pace to reach the $100 billion milestone is about five times that of other ETFs, with funds coming from both retail and institutional investors. It is the "youngest" among the 20 largest ETFs, while others took years to reach this scale. IBIT has become BlackRock's most profitable product, which is impressive. Bloomberg analysts noted that they had previously been optimistic about its demand and inflows, but the actual figures still exceeded their most optimistic expectations.