Synopsis– BlackRock’s iShares Bitcoin Trust ETF (IBIT) is just $2.2 billion away from hitting $100 billion in assets under management. Launched in January 2024, IBIT has rapidly become the most profitable ETF in BlackRock’s portfolio. It has generated nearly $245 million in annual revenue, outshining the firm’s traditional flagship funds in less than 22 months.
This milestone reflects unprecedented growth driven by strong investor demand for spot Bitcoin exposure, Bitcoin’s price rally past $125,000, and a supportive regulatory environment. Bloomberg ETF analyst Eric Balchunas described IBIT as “a hair away” from the $100B mark, underscoring its dominance in U.S. crypto ETFs.
Overtaking Decades-Old Leaders
IBIT earns $25 million more annually than BlackRock’s second and third most profitable funds the iShares Russell 1000 Growth ETF (IWF) and the iShares MSCI EAFE ETF (EFA). Both have operated for over two decades. The fund overtook them in mid-July 2025, driven by its higher fee rate of 0.25%, significantly above the 0.03% charged by core equity ETFs.
Its explosive asset growth has come in just 435 days, far faster than Vanguard’s S&P 500 ETF (VOO), which took more than five years to reach $100 billion. IBIT’s weekly inflows recently hit $1.78 billion, capturing over 56% of all U.S. spot Bitcoin ETF inflows.
Policy Boost
The surge in IBIT’s assets comes amid Bitcoin’s record high above $125,500. Institutional investors, including pensions and endowments, have increased allocations to Bitcoin, seeing it as “digital gold.” Retail investors have joined in as well, accessing the cryptocurrency through traditional brokerage accounts without holding it directly.
Washington’s friendlier stance on crypto under the Trump administration has helped fuel the boom. Policies promoting the U.S. as the “crypto capital of the world” have spurred record demand. This environment coincided with Bitcoin’s “Uptober” rally, pushing ETF inflows to their second-highest weekly total in history.
Future Products and Outlook
BlackRock is expanding its Bitcoin-related offerings. Late last month, it filed to register a Delaware trust company for its proposed Bitcoin Premium Income ETF. The product would sell covered call options on Bitcoin futures, generating premiums for yield-focused investors. However, this strategy would limit upside potential compared to IBIT, which directly tracks Bitcoin’s spot price.
Analysts expect IBIT to cross the $100 billion mark within weeks, setting the fastest record in ETF history. Some forecasts even see Bitcoin reaching $200,000 by year-end, which could push IBIT’s assets past $150 billion. Still, risks remain from Bitcoin’s volatility and potential regulatory changes. For now, IBIT’s ascent marks a decisive moment Wall Street’s embrace of cryptocurrency as a mainstream asset class.
Written By Fazal Ul Vahab C H
