BlackRock Earns $260 Million From Bitcoin and Ethereum ETFs Under 2 Years

BlackRock has quietly turned its early foray into crypto into a lucrative venture, earning more than $260 million in annual revenue from digital asset products in less than two years. The windfall stems largely from the rapid success of its spot Bitcoin and Ethereum exchange-traded funds (ETFs), which dominate their respective markets and now rank among the most profitable products in the firm’s portfolio. How BlackRock Quietly Built One of Its Most Profitable Businesses Through Crypto ETFs According to Dragonfly partner Omar Kanji’s data, BlackRock’s iShares Bitcoin Trust (IBIT) generated about $218 million in fees at a 0. 25% commission rate during its first year source: https://beincrypto.com/blackrocks-crypto-etfs-revenue-in-two-years/