Strategy co-founder Michael Saylor has predicted that the iShares Bitcoin Trust ETF (IBIT) is on track to become the biggest moneymaker among the countless ETFs offered by asset management behemoth BlackRock.
This comes after Eric Balchunas, senior ETF analyst at Bloomberg, noted that IBIT was the third-highest revenue-generating ETF for the New York-headquartered giant with $191 million.
The insanely successful ETF product, which was launched last year, has managed to race ahead of 1,195 other funds offered by BlackRock.
The astonishingly popular fund has so far recorded only one month of outflows (February 2025). According to the latest data provided by SoSoValue, the fund boasts $76.31 billion in total net assets, which puts it way ahead of Fidelity's competing product ($22.05 billion).
The financial titan earns 0.25% annually on the total assets under management (AUM) logged by the Bitcoin ETF.
The fee covers custody, portfolio management, marketing as well as compliance costs. Notably, BlackRock does not earn money from the product's trading volume.
The iShares Core S&P 500 ETF (IVV), which boasts a staggering $627 billion in total assets, is lagging behind Bitcoin with $188 million due to its extremely low fee of just 0.03%.
The iShares Russell 1000 Growth ETF (IWF) comes in first place with $211 million, with a moderate fee of 0.19%. The gap between IWF and IBIT is rather significant, which is why it is not necessarily far-fetched to assume that the latter might indeed become BlackRock's biggest revenue generator.
Vladislav Sopov
U.Today Editorial Team