TLDR
- BlackRock earned over $260 million in revenue from its Bitcoin and Ethereum ETFs in less than two years.
- The iShares Bitcoin Trust (IBIT) generated $218 million in fees during its first year.
- BlackRock’s Ethereum fund, ETHA, earned $42 million in fees within its first year.
- IBIT has grown into the largest crypto ETF globally with over $88 billion in assets.
- ETHA holds a 72.5% market share of US Ethereum ETF flows, attracting $13.4 billion in net inflows.
BlackRock has generated over $260 million in annual revenue from its Bitcoin and Ethereum exchange-traded funds (ETFs) in less than two years. The revenue largely stems from the success of the iShares Bitcoin Trust (IBIT) and the Ethereum fund (ETHA). These funds have quickly become key contributors to the firm’s growing digital asset portfolio.
BlackRock now makes over a quarter billion dollars a year from crypto and they did it in <2years pic.twitter.com/KIoWiw7Xwr
— Omar (@TheOneandOmsy) September 19, 2025
BlackRock IBIT Becomes Top Crypto ETF
Launched in January 2024, BlackRock’s iShares Bitcoin Trust (IBIT) has already raised $60.6 billion in net inflows. The fund charges a 0.25% fee, resulting in $218 million in revenue during its first year. According to VettaFi, IBIT has quickly become the largest crypto ETF globally and the 22nd largest ETF overall by assets.
“IBIT’s rapid growth highlights how strongly institutional demand for Bitcoin has driven its success,” said Dragonfly partner Omar Kanji.
With over $88 billion in assets under management, IBIT continues to dominate the market. It now holds nearly three-quarters of all US Bitcoin ETF flows.
ETHA Achieves 72.5% Market Share Quickly
BlackRock’s Ethereum fund, ETHA, has also seen remarkable success since its July 2024 debut. ETHA has attracted $13.4 billion in net inflows, securing a dominant 72.5% share of the US Ethereum ETF market. Like IBIT, the fund charges a 0.25% fee, adding another $42 million in revenue during its first year.
The rapid success of both IBIT and ETHA underscores BlackRock’s swift integration into the crypto finance space.
“Achieving such milestones in less than two years shows how quickly BlackRock has become a leader in this sector,” Kanji added.
These funds have set a new standard for crypto ETF products.
BlackRock’s success in the crypto space is a reflection of growing investor interest. Its spot Bitcoin and Ethereum ETFs have become among the most profitable products in its portfolio.
