IBIT The Most Profitable BlackRock ETF As The Bitcoin Fund Closes On $100B In Assets
BlackRock’s IBIT is now the asset manager’s most profitable ETF (exchange-traded fund) by a wide margin as the fund nears $100 billion in net assets. Over the past year, IBIT has generated almost $245 million in fees. This performance beats the iShares Russell 1000 Growth ETF (IWF) and the iShares MSCI EAFE ETF (EFA) by $25 million in annual revenue, according to Bloomberg ETF analyst Eric Balchunas. Around the middle of July, IBIT was still ranked below IWF and EF in terms of revenue, previous X posts from Balchunas show. Other Top BlackRock ETFs Took A Decade To Get To Their Current Standing Blachunas also noted that every other BlackRock ETF in the firm’s top 12 list of funds in terms of fee revenue took approximately more than a decade to get to their current standing. In his post, Blachunas shared a screenshot of the ages of BlackRock’s top 12 ETFs and their respective annual revenue in dollars. This screenshot shows that other than IBIT, ...