BlackRock’s Bitcoin Exchange-Traded Fund (IBIT) Just Two Spots Away From Being Firm’s Top Revenue-Generating ETF: Bloomberg Analyst

Description

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 o...