BlackRock’s iShares Bitcoin Trust (IBIT) is just days away from crossing $100 billion in assets, setting a new record as the fastest-growing ETF in history.
Quick Summary – TLDR:
- IBIT is nearing $100 billion in assets under management (AUM) in just 435 days
- It has generated $244 million in annual revenue, beating long-established BlackRock ETFs
- Institutional demand and Bitcoin’s price surge are driving record inflows
- BlackRock leads ETF innovation with new crypto-linked products in the pipeline
What Happened?
BlackRock’s iShares Bitcoin Trust (IBIT) is on track to become the fastest ETF ever to hit $100 billion in assets, eclipsing even long-standing funds like Vanguard’s S&P 500 ETF (VOO), which took over 2,000 days to achieve the same. In just 435 days since its launch, IBIT has generated approximately $244.5 million in annual revenue, making it BlackRock’s most profitable ETF, ahead of others that have been around for over a decade.
👀 BlackRock’s Bitcoin ETF becomes the most profitable: heading toward $100 billion
— Atlas21 (@Atlas21_news) October 7, 2025
BlackRock’s iShares Bitcoin Trust (IBIT) has emerged as the company’s most profitable ETF, generating over $244 million in annual revenue and rapidly approaching $100 billion in assets under… pic.twitter.com/NaN7aFDkRW
IBIT’s Meteoric Rise
BlackRock’s spot Bitcoin ETF has shocked the investment world with its rapid ascent. With $97.8 billion in net assets, IBIT is just $2.2 billion short of the $100 billion mark. What sets IBIT apart is not only its speed but also its dominance in the market. It recently accounted for $1.8 billion of the $3.2 billion that flowed into all US spot Bitcoin ETFs in one of its biggest weeks to date.
- 435 days since launch.
- $244 million in annual fee revenue.
- 0.25% current management fee.
- Top 20 US ETF by AUM.
- Surpassed IWF and EFA by $25 million in fees.
Compared to BlackRock staples like the iShares Core S&P 500 ETF (IVV) or the iShares MSCI EAFE ETF (EFA), which took 24 to 25 years to reach similar fee levels, IBIT’s rise has been nothing short of explosive.
Institutional Interest and Mainstream Momentum
The surge into IBIT is more than just a Bitcoin story. It reflects a broader trend: institutional investors are now actively seeking regulated, transparent crypto exposure. As Bitcoin recently surged past $125,000, firms managing large pools of capital are looking to diversify into digital assets, and BlackRock is their gateway.
The Trump administration’s crypto-friendly stance, promising to make the US the “crypto capital of the world,” has also encouraged greater investment in spot Bitcoin ETFs. This political tailwind, combined with a bullish crypto market, has turned IBIT into a magnet for inflows.
Beyond IBIT: BlackRock Eyes More Crypto Innovation
BlackRock is not stopping at IBIT. The firm recently filed for a Bitcoin Premium Income ETF, which would use covered call strategies to generate yield from Bitcoin futures. This marks a strategic move toward offering income-generating crypto products, a space largely untouched by other asset managers.
While this strategy may cap upside gains compared to IBIT, it reflects a long-term commitment to diversifying digital asset offerings, without chasing volatile altcoin products.
BlackRock has also launched other innovative ETFs like the iShares Large Cap 10% Target Buffer ETF, showing that product development is central to retaining clients and weathering the pressure of industry-wide fee compression.
SQ Magazine Takeaway
I find IBIT’s rise absolutely wild. Watching a Bitcoin ETF become BlackRock’s most profitable fund in under two years is a clear sign that crypto is no longer a fringe asset. It’s now part of mainstream finance, backed by one of the world’s biggest asset managers. IBIT isn’t just riding the Bitcoin wave, it’s changing the way Wall Street looks at crypto. The speed, scale, and seriousness of this shift tell me we’re at a new phase for digital finance. This is no hype cycle, it’s a structural change.
