Bitcoin ETFs Take Center Stage
BlackRock is experiencing a major shift in its business as its Bitcoin exchange traded funds, led by the iShares Bitcoin Trust, rise to the top of its revenue chart. The company shared this update during a conference in São Paulo, where executives highlighted how quickly investors are embracing regulated Bitcoin exposure.
According to Cristiano Castro, director of business development at BlackRock Brazil, the firm’s Bitcoin ETF suite has attracted close to 100 billion dollars in global allocations. This puts Bitcoin at the heart of one of the world’s most influential asset managers, which oversees more than fourteen hundred ETFs across various industries.
Record Breaking Growth for IBIT
Launched in January 2024, the iShares Bitcoin Trust reached about 70 billion dollars in assets under management in only 341 days. This pace set a new benchmark for ETF growth. Reports show that IBIT recently climbed past 91 billion dollars in assets and now holds more than 3 percent of all circulating Bitcoin.
While the fund’s expansion is impressive, its revenue impact is equally striking. IBIT is expected to generate around 245 million dollars in annual fees, making it one of BlackRock’s most profitable ETFs. For comparison, it now earns more yearly fees than the company’s popular iShares Core S&P 500 ETF. This shift shows how quickly investor interest in Bitcoin has matured.
Rising Institutional Confidence
Demand is not coming only from outside investors. BlackRock’s own Strategic Income Opportunities Portfolio increased its IBIT holdings by 14 percent during the third quarter of 2025. This move signals rising confidence inside the firm and suggests that Bitcoin exposure is becoming a standard component in traditional portfolios.
However, the market still faces challenges. Recent volatility led to periods of outflows across several Bitcoin ETFs. Even so, long term momentum remains strong, and IBIT continues to outpace competitors by a wide margin. Analysts believe this trend may encourage more crypto ETF launches and deepen Bitcoin’s role in mainstream finance.
