iShares Bitcoin BlackRock’s IBIT Trust has emerged as the clear leader among US spot bitcoin ETF.
According to Santiment, since the end of September, the cumulative net inflow of funds into bitcoin ETF amounted to $5,17 billion, which is the highest figure this year.
Nearly $2,83 billion of the total inflow came from BlackRock into IBIT, highlighting the fund’s role as a key driver of institutional demand.
According to Arkham analysts, BlackRock’s brand reputation inspires confidence among large players looking for a regulated and reliable way to invest in BitcoinSecondly, the low management fee of 0,25% compared to GBTC’s 1,5% has led to a steady outflow of assets from other ETF in IBIT.
Additionally, differences in reporting schedules can sometimes make BlackRock’s inflows appear larger because the company may report transactions the day after they occur, a day later than its peers.
In less than two years since its launch, IBIT has amassed nearly $98 billion in assets under management, making it one of BlackRock’s fastest-growing and most profitable funds.
Senior analyst ETF Bloomberg’s Eric Balchunas reported that IBIT’s annual revenue is now about $244,5 million, exceeding that of several of BlackRock’s flagship products, such as iShares Russell 1000 Growth. ETF (IWF) and iShares MSCI EAFE ETF (EFA). Both of these long-established funds earn approximately $219 million.