BlackRock’s Bitcoin ETF IBIT Rises to Top 3 in Revenue Rankings
BlackRock’s spot Bitcoin ETF ($IBIT) has rapidly climbed the ranks to become the firm’s third-largest revenue-generating fund, despite launching just 1.5 years ago.
According to Bloomberg ETF analyst Eric Balchunas, IBIT now trails only $9 billion in assets behind the top spot and is generating $191 million in annualized revenue.
The meteoric rise of IBIT places it ahead of many long-established funds and highlights the growing appetite for digital asset exposure among institutional investors.
With $76.3 billion in fund assets and a 0.25% expense ratio, IBIT has outperformed more seasoned ETFs like IVV and EEM in revenue contribution for BlackRock.
The current top 10 revenue-generating ETFs for BlackRock, based on Balchunas’ breakdown, are:
- IWF (iShares Russell 1000 Growth ETF) – $111.3B in assets, 0.19% fee, $211M est. revenue
- EFA (iShares MSCI EAFE ETF) – $64.6B in assets, 0.32% fee, $207M est. revenue
- IBIT (iShares Bitcoin Trust) – $76.3B in assets, 0.25% fee, $191M est. revenue
- IVV (iShares Core S&P 500 ETF) – $627.7B in assets, 0.03% fee, $188M est. revenue
- EEM (iShares MSCI Emerging Markets ETF) – $18.4B in assets, 0.72% fee, $133M est. revenue
- IWM (iShares Russell 2000 ETF) – $66.2B in assets, 0.19% fee, $126M est. revenue
- IWD (iShares Russell 1000 Value ETF) – $62.7B in assets, 0.19% fee, $119M est. revenue
- IAU (iShares Gold Trust) – $47.4B in assets, 0.25% fee, $118M est. revenue
- IVW (iShares S&P 500 Growth ETF) – $60.4B in assets, 0.18% fee, $109M est. revenue
IBIT’s performance underscores the strong demand for crypto-linked investment vehicles and suggests that digital assets are becoming a key pillar in BlackRock’s ETF strategy.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
