Bitcoin ETF IBIT trails just $9B behind revenue leader
IBIT could become BlackRock’s most profitable ETF this year
Bloomberg analyst Eric Balchunas has calculated that BlackRock’s iShares Bitcoin Trust (IBIT) needs to grow its assets by less than $10 billion to become the asset manager’s most profitable ETF.
Despite being on the market for less than two years, IBIT is already delivering substantial revenue to BlackRock — the world’s largest asset manager.
In a post on X, Balchunas noted that IBIT is currently the third-highest revenue-generating ETF for BlackRock among 1,197 funds and is just $9 billion away from the top spot.
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"Another insane stat for a 1.5-year-old (literally a baby) ETF. Here’s BlackRock’s Top 10 list (also, how about the forgotten IWF at #1 — who would’ve guessed?),” he wrote.
With assets under management totaling $76.314 billion, IBIT already generates about $191 million annually for BlackRock by charging investors 25 basis points per year. If assets grow by another $9 billion, annual revenue could reach $213 million — enough to surpass IWF.
Competing with business and the whole planet
IBIT’s main revenue competitors are IWF and EFA.
IWF (iShares Russell 1000 Growth ETF) provides access to large-cap U.S. companies expected to grow faster than the market. Launched in May 2000, it generates $211 million annually with an expense ratio of 0.19%.
Meanwhile, iShares MSCI EAFE ETF (EFA) gives investors exposure to a broad range of equities in Europe, Australia, Asia, and the Far East. Launched in 2001, EFA brings in $207 million per year with a 0.32% expense ratio.
As we wrote, BlackRock IBIT could be world largest ETF in 10 Years, Saylor predicts
