Golden Finance reports that Bloomberg analyst Eric Balchunas posted that the iShares Bitcoin Trust (IBIT) has become the most profitable fund under BlackRock, with annual revenue reaching $245 million. The product's market capitalization has surpassed BlackRock's iShares Russell 1000 Growth ETF (IWF) and iShares MSCI EAFE ETF (EFA), jumping to the top.
The asset management scale (AUM) of IBIT has approached 100 billion USD in just over 435 days, with currently managed assets of approximately 97.8 billion USD. According to data from SoSoValue, this fund is currently the largest Bitcoin ETF in the United States, with a cumulative inflow of funds reaching 62.6 billion USD.
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