Bitcoin ETFs Dominate BlackRock’s Earnings, Says Insider
- BlackRock’s Bitcoin ETFs have grown quickly and are now the company’s biggest money makers.
- After just one year, the main ETF, IBIT, has more than $70 billion in assets.
- This shows that big companies like BlackRock think Bitcoin is a good way to make money.
BlackRock, the biggest money manager in the world, has seen its Bitcoin funds become its best source of income. An executive recently shared this news, which shows how quickly these products have become popular.
The company manages over 1,400 exchange-traded funds (ETFs) and keeps an eye on more than $13.4 trillion in assets. But its Bitcoin ETFs are now the most profitable thing it does.
Cristiano Castro, who is in charge of business growth at BlackRock in Brazil, said this change was “a big surprise.” He said that when the company started, they were hopeful, but they didn’t expect to be so successful.
Castro said that investments in BlackRock’s Bitcoin ETFs, such as the U.S. one (IBIT) and the Brazilian one (IBIT39), are almost $100 billion. Even the company’s experts are shocked by how quickly this has happened.
“When we launched, we were optimistic, but we didn’t expect this scale,” Castro said.
IBIT, BlackRock’s main U.S. Bitcoin ETF, began trading in January 2024. In just 341 days, it reached $70 billion in assets, which is a record.
IBIT has $70.7 billion in net assets today and has raised over $52 billion from investors in its first year. By October 2025, it had brought in about $245 million a year in fees for BlackRock.
This ETF now has more than 3% of all the Bitcoin in the world. That’s a lot for just one fund!
Castro stays calm even though some money has been leaving Bitcoin funds lately. He said that ETFs are made to be simple to use and let people move money in and out quickly.
“ETFs are a very liquid and powerful tool. They’re meant for people to manage flows,” he said.
BlackRock is buying more for itself. Recently, one of its own funds bought 14% more IBIT shares.
