BlackRock’s Bitcoin ETF Just Out-Earned Legacy Wall Street Funds

• BlackRock’s IBIT hits $76.1B AUM, now the firm’s third-highest revenue ETF—surpassing legacy equity funds.
• IBIT holds 3.92% of Bitcoin’s supply and accounts for over 95% of U.S. Bitcoin ETF inflows since 2024.
• Institutional demand explodes, with firms like Metaplane going all-in on BTC and reshaping business models.

BlackRock’s Spot Bitcoin ETF (IBIT) has hit its highest value in assets under management in its history at $76.1 billion. The figure puts the largest Bitcoin ETF ahead of BlackRock’s S&P 500 ETV (IVV) in terms of annual fee revenue, positioning IBIT as one of the most lucrative financial products by BlackRock. 

As of today, IBIT has become BlackRock’s third-highest revenue-generating ETF, surpassing even some of the firm’s long-standing equity funds. Since Bitcoin ETFs entered the market in early 2024, IBIT has been big brothering other funds, with an average trading volume over 15 times bigger than its competitors. 

IBIT holds about 3.92% of Bitcoin’s supply, making its holdings surpass even the likes of Microstrategy, Tether, and even the U.S. Government.

Since its debut in January 2024, the fund has attracted $52.4 billion in net inflows, accounting for over 95% of all Bitcoin ETF inflows in the United States. 

This surge in institutional demand for regulated Bitcoin exposure marked arguably the biggest turning point in cryptocurrency adoption and overall mainstream view of the last 2 years. Since then, institutions and funds have expanded their exposure across a wide range of Bitcoin-linked products.

Some companies, like the Japanese firm Metaplane, have completely changed their business model to revolve around Bitcoin, transforming themselves into crypto-first institutions.

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