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 year while an Australian version was launched last month. With...
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