BlackRock has identified its spot Bitcoin exchange-traded fund as one of its top three investment themes for 2025, alongside Treasury bills and major U.S. tech stocks.
The asset management firm highlighted its iShares Bitcoin Trust ETF (IBIT) alongside the ETF that tracks Treasury bills and another focused on the “Magnificent 7” tech giants: Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla.
This year, IBIT has gathered over $25 billion in net inflows, ranking sixth among all ETFs, even as it falls short of broad index funds and continues to show negative returns for 2025.
Nate Geraci, president of NovaDius Wealth Management, stated on Monday that BlackRock’s endorsement of IBIT suggests the company remains unfazed by Bitcoin’s (BTC) 30% decline from its October peak.
On Friday, Bloomberg ETF analyst Eric Balchunas expressed a similar view, commenting that if the ETF can attract $25 billion in a down year, the potential flows in a buoyant year could be substantial.
The $25 billion in inflows adds to approximately $37 billion that IBIT garnered in 2024, totaling $62.5 billion in inflows since its inception, according to data from Farside Investors data.
IBIT’s inflows are more than five times greater than its closest rival, the Fidelity Wise Origin Bitcoin Fund (FBTC).
Related: Recent capitulation among Bitcoin miners may indicate a market bottom: VanEck
In September, BlackRock submitted a filing to register a Bitcoin Premium Income ETF, aiming to generate yield through selling covered call options on Bitcoin futures.
BlackRock has also filed for a staked ETH ETF
The iShares Ethereum Trust ETF (ETHA) from BlackRock has also performed well, securing over $9.1 billion in inflows this year, raising its total to nearly $12.7 billion.
Additionally, in November, it filed to register an iShares Staked Ethereum ETF to complement ETHA. While BlackRock initially chose not to include staking in ETHA, the more crypto-supportive Securities and Exchange Commission has relaxed its ETF standards, enabling firms to explore new product offerings.
Unlike other asset managers that have jumped on the altcoin ETF bandwagon, BlackRock has yet to engage in this sector, which has recently seen launches for products based on Litecoin (LTC), Solana (SOL), and XRP (XRP).
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