BlackRock’s iShares Bitcoin ETF Nears $100B Milestone, Becomes Firm’s Most Profitable Fund

BlackRock’s iShares Bitcoin Trust (IBIT) is on the verge of making financial history, standing just shy of the $100 billion assets under management (AUM) mark — less than two years after its debut. According to Bloomberg data, IBIT has become BlackRock’s most profitable exchange-traded fund (ETF), generating an impressive $244 million in annual revenue and surpassing all of the firm’s other ETFs in profitability.

Bloomberg analyst Eric Balchunas described IBIT’s rapid rise as “absurd,” emphasizing its unprecedented pace compared to BlackRock’s legacy funds such as the iShares Core S&P 500 ETF (IVV) and iShares MSCI EAFE ETF (EFA), which took over two decades to reach similar profitability. Balchunas noted that IBIT achieved this remarkable feat in just 435 days — far faster than any of BlackRock’s long-standing ETFs.

If IBIT surpasses the $100 billion milestone, it will become the fastest ETF in history to reach that level, breaking the record previously set by Vanguard’s S&P 500 ETF (VOO), which took 2,011 days to do so. The Bitcoin ETF’s exceptional growth underscores the accelerating demand for digital asset exposure among institutional investors seeking regulated and accessible entry points into cryptocurrency.

IBIT’s $244.5 million in annual revenue outpaces major funds like IWF and EFA, both at around $219 million. The surge highlights a significant shift in investor behavior as Bitcoin becomes more integrated into traditional finance. Analysts at Standard Chartered predict Bitcoin could hit $200,000 by year-end, fueling further optimism.

As Bitcoin’s rally continues, IBIT’s success signals a broader acceptance of crypto-based investment vehicles. With institutional inflows showing no signs of slowing, BlackRock’s Bitcoin ETF is redefining how digital assets shape the future of global investing.