BlackRock’s iShares Bitcoin Trust ETF (IBIT) is already generating substantial revenue for the world’s largest asset manager, despite being on the market for less than two years.
In a new post on the social media platform X, Bloomberg analyst Eric Balchunas says that IBIT needs to grow its fund’s assets by less than $10 billion to rank as BlackRock’s top revenue-generating exchange-traded fund (ETF).
“IBIT is now the third-highest revenue-generating ETF for BlackRock out of 1,197 funds, and is only $9 billion away from being #1. Just another insane stat for a 1.5-year-old (literally an infant) ETF. Here’s the top 10 list for BlackRock (aside, how about the forgettable IWF at the top spot, who knew?).”
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Source: Eric Balchunas/X
Based on the analyst’s data, BlackRock’s
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