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    Home»Ethereum»BlackRock’s Bitcoin and ETH ETFs Generate $260 Million in Annual Revenue
    Ethereum

    BlackRock’s Bitcoin and ETH ETFs Generate $260 Million in Annual Revenue

    Ethan CarterBy Ethan CarterSeptember 23, 2025No Comments3 Mins Read
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    BlackRock’s cryptocurrency-based exchange-traded funds (ETFs) have turned into a significant revenue source, generating $260 million for the world’s largest asset manager, marking a “benchmark” model for traditional investment funds aiming for profitable business models.

    BlackRock’s Bitcoin (BTC) and Ether (ETH) ETFs are producing a combined $260 million in annual revenue, with $218 million from Bitcoin ETFs and $42 million from Ether products, as reported on Tuesday by Leon Waidmann, head of research at the nonprofit Onchain Foundation.

    The success of BlackRock’s crypto-focused ETFs could encourage more investment giants from traditional finance (TradFi) to create regulated cryptocurrency-based trading products, with BlackRock’s ETFs acting as a “benchmark” for institutions and traditional pension funds, according to Waidmann.

    “This has transcended experimentation. The world’s largest asset manager has established that crypto is a serious revenue stream. That’s a quarter-billion-dollar business, developed almost overnight. In comparison, many fintech unicorns take a decade to achieve that.”

    Waidmann likened the ETFs to Amazon, which initially focused on books before expanding into a diverse range of products. He noted the ETFs as the “gateway into the crypto market.”

    019976b9 f043 7cae 8fd6 3f943905cbc9
    Source: Leon Waidmann

    Related: Hyperliquid whale withdraws $122M HYPE tokens as Arthur Hayes exits

    The expansion of BlackRock’s ETFs is indicative of a potential prolongation of the current crypto market cycle. Analysts suggest that inflows from ETFs and corporate treasuries might sustain demand beyond the industry’s usual four-year halving cycle.

    The addition of cryptocurrency to US 401(k) retirement plans could also serve as a substantial capital influx for Bitcoin, propelling its price to $200,000 before year-end, according to André Dragosch, head of European research at crypto asset manager Bitwise.

    Related: Machi Big Brother exits $25M HYPE bet at $4M loss as rivals eat Hyperliquid market share

    BlackRock’s Bitcoin ETF nears $85 billion milestone

    Currently, BlackRock’s fund is closing in on $85 billion in total assets under management (AUM), representing the majority or 57.5% of the total US spot Bitcoin ETF market share, according to blockchain data from Dune.

    This milestone arrives less than two years after the Bitcoin ETFs were first launched for trading on January 11, 2024.

    019976b9 f239 7af6 bddc 43459bdea891
    Bitcoin ETFs by market share. Source: Dune.com

    In contrast, Fidelity’s ETF currently holds $22.8 billion, accounting for 15.4% of the overall market share as the second-largest US spot Bitcoin ETF.

    This positions BlackRock’s spot Bitcoin ETF as the world’s 22nd largest fund across both crypto and traditional ETFs, rising from the 31st largest in January, according to VettaFi data.

    019976b9 f3db 7870 8a85 a3b0ec4dbb20
    World’s largest ETFs. Source: ETF Database

    Moreover, ETF inflows may catalyze another price discovery rally for Bitcoin, reaching new all-time highs in the coming weeks, per Ryan Lee, chief analyst at Bitget exchange.

    “With BTC and ETH ETFs attracting significant inflows, the macro environment supports a ‘buy the dip’ strategy, as institutional participation amid regulatory discussions solidifies a bullish foundation for risky assets,” the analyst explained to Cointelegraph.

    Magazine: Bitcoin to see ‘one more big thrust’ to $150K, ETH pressure builds