BlackRock’s Bitcoin ETF Nears $100 Billion and Profitability
The iShares Bitcoin Trust (IBIT), a Bitcoin ETF managed by BlackRock, has already become the most profitable exchange-traded fund in the company, generating over $244 million in yearly revenue. The fund is nearing the $100 billion threshold, with assets under management, making it one of the fastest-growing ETFs in the industry’s history, less than two…