Bitcoin

Bitcoin ETFs Are Now BlackRock’s Top Revenue Source, Exec Says  

Published

1 day ago

November 29, 2025

BlackRock’s Bitcoin Trade Traded Funds (ETFs) have turn out to be the corporate’s most worthwhile product line, in response to Cristiano Castro, director of enterprise growth at BlackRock Brazil.

This determine is notable contemplating that the agency manages greater than 1,400 ETFs globally and is the world’s largest asset supervisor with greater than $13.4 trillion in property underneath administration.

Talking on the Blockchain Convention in São Paulo local mediaCastro referred to as the event “a giant shock” and mentioned allocations within the firm’s bitcoin ETFs, together with US-based IBIT and Brazil’s IBIT39, had approached $100 billion.

“After we launched, we have been optimistic,” Castro mentioned, “however we did not anticipate this measurement.”

US-listed spot bitcoin ETF IBIT, launched in January 2024, grew to become the quickest in historical past to succeed in $70 billion in property in 341 days. That momentum has continued regardless of current volatility within the value of bitcoin, with the ETF at the moment sitting at $70.7 billion in web property, in response to figures. SoSoValue details.

Web inflows exceeded $52 billion in its first 12 months, far exceeding every other ETF launched previously decade. IBIT additionally generated an estimated $245 million in annual charges by October 2025.

IBIT’s speedy development is fueled by BlackRock’s international distribution community and a wave of institutional curiosity following US regulators’ approval of spot bitcoin ETFs. It now owns greater than 3% of Bitcoin’s whole provide, and has been adopted by a number of of BlackRock’s BTC-linked merchandise, together with ETPs overseas.

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Castro addressed the current outflows from bitcoin funds, saying such a transfer is anticipated given how retail traders sometimes react to cost drops. “ETFs are a really liquid and highly effective instrument. They’re for individuals to handle flows,” he mentioned.

BlackRock itself has wager on its bitcoin ETF. The Strategic Earnings Alternatives Portfolio not too long ago elevated its stake in IBIT by 14%.

CoinDesk has reached out to BlackRock however has not heard again on the time of writing.