Bloomberg analyst Eric Balchunas has highlighted how BlackRock Bitcoin ETF (IBIT) It performed compared to legacy funds of the world’s largest asset managers. This comes as the fund approaches the $100 billion barrier, making it the fastest to reach this milestone.
BlackRock Bitcoin ETF has become the most profitable fund
in Share XBalchunas revealed that the BlackRock Bitcoin ETF, which is approaching $100 billion, is now the most profitable fund Asset manager “For a good amount.” The Bloomberg analyst also highlighted that this is a huge achievement for a Bitcoin fund, given its age compared to other funds.
The BlackRock Bitcoin ETF, which launched last year, currently generates annual revenue of $244.5 million. The world’s largest asset manager. That’s well ahead of BlackRock’s Russell 1000 Growth ETF, which is 25 years old and generates $219.3 million in annual revenue, putting it in second place.
Notably, the BlackRock Bitcoin ETF is the only fund on the list with a single-digit life. BlackRock’s other funds are 12+. Eric Balchunas He also noted that IBIT is approaching $100 billion in assets under management (AuM), which could make it the fastest to reach this milestone.
A Bloomberg analyst revealed that Vanguard S&P 500 ETF He currently holds this record, although he achieved this feat in 2011 days. Meanwhile, the BlackRock Bitcoin ETF, which is just 437 days old, currently has $99.44 billion in assets under management, putting it on track to surpass that record by a significant margin.
This comes as the BlackRock BTC ETF continues to lead the pack, with massive daily net inflows. On October 6, This money is Bitcoin It saw daily net inflows of $1.19 billion, with IBIT amounting to $970 million of these inflows. Meanwhile, they recorded a daily net inflow of $875.6 million yesterday, with IBIT accounting for $899.4 million of these inflows.
IBIT is also among AuM’s top 20 ETFs
As revealed by Eric Balchunas The BlackRock Bitcoin ETF is now in the top 20 ETFs after a rapid increase in its assets under management. Based on current AuM, IBIT is ranked 19th on the list The largest ETFsahead of Vanguard’s VIG fund and the “legendary” technology sector SPDR fund.
the Bloomberg Analyst He noted that if the past 12 months are repeated, it may not take long for the BlackRock Bitcoin ETF to break into the top 10. He noted that the fund received $40 billion over the past 12 months and saw an 85% increase. He added that he would set the schedule in December 2026 if he had to submit it.
At the time of writing, Bitcoin is trading at around $121,500, down more than 2% over the past 24 hours, according to Data From Coin Market Cap.
Featured image from Getty Images, chart from Tradingview.com
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