IBIT Has Become Blackrock’s Top-Performing ETF with Ease

BlackRock’s spot Bitcoin exchange-traded fund has amassed almost $245 million in fees over the past year, positioning it as the firm’s most lucrative ETF by a considerable margin. 

The iShares Bitcoin Trust ETF (IBIT) now outperforms the iShares Russell 1000 Growth ETF (IWF) and the iShares MSCI EAFE ETF (EFA) by $25 million annually, as reported by BlackRock ETF analyst Eric Balchunas on X this past Monday.

IBIT became BlackRock’s top-performing ETF after exceeding IWF and EFA around mid-July, as evidenced by earlier X posts from Balchunas indicate.

Balchunas pointed out that all other BlackRock ETFs within the top 12 for fee revenue have been established for over a decade, while noting that IBIT is now just $2.2 billion away from hitting the $100 billion milestone, having launched only 22 months ago.

BlackRock earns revenue from IBIT through management fees — currently at 0.25% of total assets under management, with revenue expected to increase alongside investor interest and Bitcoin’s (BTC) price growth. 

IBIT is the leading spot Bitcoin fund in the US. Last week, it represented over $1.8 billion of the $3.2 billion in total inflows into US spot Bitcoin ETFs, marking its second-largest week on record. Bitcoin surpassed the $125,000 threshold for the first time over the weekend.

The rising interest in spot Bitcoin ETFs has also been fueled by a more favorable stance toward crypto from Washington during the Trump administration, which aims to establish America as the “crypto capital of the world.”

IBIT poised to be the fastest ETF to reach $100 billion

With $97.8 billion in net assets accumulated in just 435 days, IBIT is on track to overtake Vanguard’s S&P 500 index fund (VOO) and become the first ETF to hit $100 billion, according to Balchunas. VOO achieved $100 billion in 2,011 days (approximately 5.5 years).

BlackRock is investigating new revenue streams from Bitcoin

Late last month, BlackRock submitted an application to register a Delaware trust company for its proposed Bitcoin Premium Income ETF, indicating its intent to expand its Bitcoin offerings.