BlackRock’s IBIT Bitcoin ETF Smashes Records as Third Most Profitable Fund in 2025

Wall Street’s crypto love affair hits new highs—BlackRock’s IBIT Bitcoin ETF just clinched third place in the profitability race. Not bad for an asset class the old guard once dismissed as 'play money.'

Why it matters: When the world’s largest asset manager turns Bitcoin into a top-tier cash cow, even the skeptics start checking their spreadsheets. The IBIT ETF’s performance isn’t just a win—it’s a middle finger to traditional finance’s 'tulip mania' rhetoric.

The irony? This crypto cash grab outperformed 97% of traditional funds last quarter. Maybe those 'boring' bonds should try being more volatile.

TLDR

• BlackRock’s IBIT Bitcoin ETF has become the firm’s third-highest revenue-generating fund just 18 months after its launch.
• The fund holds approximately $76 billion in assets under management and generates an estimated $191 million in annual revenue.
• IBIT contributes less revenue to BlackRock than the iShares Russell 1000 Growth ETF and the iShares MSCI EAFE ETF.
• The ETF is now only $9 billion in assets away from overtaking IWF to become BlackRock’s top revenue-generating ETF.
• IBIT became the fastest ETF in history to reach $2 billion in inflows shortly after its January 2024 launch.

BlackRock’s spot Bitcoin ETF, IBIT, has quickly risen to become the firm’s third-highest revenue-generating fund. With $76 billion in assets and a 0.25% expense ratio, it now generates $191 million annually. Its rapid growth places it behind only IWF and EFA among BlackRock’s ETF lineup.

The fund launched in January 2024 and surpassed early projections with strong demand from both institutional and retail investors. Since then, BlackRock has seen sustained inflows into IBIT, which has significantly contributed to its revenue. Analysts expect IBIT to surpass its closest competitors in revenue generation soon.

BlackRock manages over 1,100 ETFs, yet IBIT’s rise has been faster than any product in its history. IBIT’s current revenue stands only $20 million behind IWF and $16 million behind EFA. With market conditions and investor interest holding steady, IBIT is positioned to climb further in rank.

$IBIT is now the 3rd highest revenue-generating ETF for BlackRock out of 1,197 funds, and is only $9b away from being #1. Just another insane stat for a 1.5yr old (literally an infant) ETF. Here's Top 10 list for BLK (aside, how about the forgettable $IWF at top spot, who knew?) pic.twitter.com/T4xdIA2Rea

— Eric Balchunas (@EricBalchunas) July 3, 2025

BlackRock’s IBIT Surges Past $50 Billion

IBIT became the fastest ETF to reach $2 billion in inflows just days after its launch in January 2024. Within six months, BlackRock reported that the fund had crossed $50 billion in assets. This placed IBIT among the fastest-growing ETFs of all time.

The fund has attracted consistent capital from hedge funds, advisors, and corporate treasuries seeking regulated bitcoin exposure. As a result, BlackRock has benefited from rising demand for digital asset investment products. These inflows helped IBIT outpace most traditional equity ETFs.

BlackRock’s leadership confirmed that IBIT’s expansion signals a growing institutional acceptance of Bitcoin. The product mirrors the early success of gold ETFs introduced in the 2000s. This pattern indicates a broader shift toward crypto integration in traditional portfolios.

BlackRock Targets Leadership in Crypto-Linked ETF Space

BlackRock’s push into cryptocurrency-backed ETFs reflects a calculated strategy to diversify its investment offerings. With IBIT nearing IWF in assets, the fund may soon become BlackRock’s top revenue-generator. Current data shows it is just $9 billion in assets behind IWF.

This momentum supports BlackRock’s long-term commitment to digital asset products. Michael Saylor, Strategy Chairman at MicroStrategy, predicted IBIT will take the lead position soon. The fund’s scale and performance continue to draw new interest from the financial community.

Analysts see the growth as a milestone for both BlackRock and the broader ETF market. The success of IBIT may prompt the firm to introduce more crypto-focused offerings, further cementing BlackRock’s influence in the regulated crypto investment space.