BlackRock’s top revenue source now Bitcoin ETFs
A BlackRock executive has revealed that the iShares Bitcoin exchange-traded fund (ETF) range is now the firm’s most profitable product line. Launched in January 2024, BlackRock’s US spot bitcoin ETF, IBIT, raced to US$70 billion in assets in record time and had already generated an estimated $245 million in annual fees by October of that […]
A BlackRock executive has revealed that the iShares Bitcoin exchange-traded fund (ETF) range is now the firm’s most profitable product line. Launched in January 2024, BlackRock’s US spot bitcoin ETF, IBIT, raced to US$70 billion in assets in record time and had already generated an estimated $245 million in annual fees by October of that […]
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
