BlackRock's Bitcoin ETF Is Already Its Most Profitable, Surpassing Older ETFs
BlackRock's iShares Bitcoin Trust ETF (IBIT) has become the asset management giant's most profitable exchange-traded fund, just 21 months after launch, surpassing products that have been generating revenue for more than two decades. IBIT is sitting "a hair away from 244.5 million in annual revenue for BlackRock, Bloomberg analyst Eric Balchunas tweeted Monday. "Check out the ages of the rest of the Top 10. Absurd," Balchunas wro ...