BlackRock’s spot Bitcoin exchange-traded fund IBIT has become the asset manager’s third-highest revenue-generating ETF just 18 months after its launch, according to data shared by Bloomberg senior ETF analyst Eric Balchunas.
Strategy Chairman Michael Saylor responded to the milestone by predicting that IBIT will soon become BlackRock’s number one revenue-generating ETF.
The IBIT fund has approximately $76 billion in assets under management and an expense ratio of 0.25%, generating an estimated $191 million in annual revenue.
The revenue places it behind only BlackRock’s iShares Russell 1000 Growth ETF (IWF), which generates around $211 million, and the iShares MSCI EAFE ETF (EFA), which generates roughly $207 million.
A separate Bloomberg News report noted that IBIT is now only $9 billion in assets away from overtaking IWF to become BlackRock’s top revenue-generating ETF out of its lineup of over 1,100 funds.
According to Balchunas:
“Just another insane stat for a 1.5-year-old (literally an infant) ETF.”
IBIT launched in January 2024 alongside other spot Bitcoin ETFs approved by the U.S. Securities and Exchange Commission.
Within days of its debut, IBIT became the fastest ETF in history to cross $2 billion in inflows, surpassing traditional market leaders and setting multiple records for first-week subscriptions.
By its six-month mark, the fund had already grown to over $50 billion in assets, reflecting accelerating institutional and retail demand for regulated Bitcoin exposure.
According to the Bloomberg report, IBIT’s performance highlights the growing integration of Bitcoin into traditional portfolios, mirroring the trajectory of gold ETFs over the past two decades.
The product has been widely adopted by financial advisors, corporate treasuries, and hedge funds seeking liquid, regulated exposure to Bitcoin without the complexities of direct custody.
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