The approval of 11 spot Bitcoin ETFs in 2024 was a historic decision by the US SEC. Today, BlackRock’s IBIT Bitcoin ETF is the firm’s most profitable ETF product by quite a margin. The world’s largest asset manager has earned $245 million in fees from its BTC ETF, $25 million more than the second most profitable ETF. Bloomberg ETF analyst Eric Balchunas took to X and highlighted that BlackRock’s IBIT ETF is just moments away from hitting $100 billion.
BlackRock’s Bitcoin ETF Bet Paying Off
The table shared by Balchunas also shows that the IBIT ETF became BlackRock’s most profitable ETF within just one year, while other products are more than 12 years old, and in many cases, more than 20 years old. The figures show how big of deal Bitcoin (BTC) has become over the last few years.
BlackRock’s pro-Bitcoin stance was also highlighted by CEO Larry Fink. In a letter to shareholders earlier this year, Fink wrote about the risks of the ballooning US debt. He stated, “If the U.S. doesn’t get its debt under control, if deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.“
Bitcoin ETF inflows have played a major role in the current market cycle. BTC ETF inflows have led to the underlying asset hitting multiple all-time highs over the last year. BTC hit its most recent peak of $$126,080 on Oct. 6, 2025. Apart from ETFs, corporate treasuries have also led to BTC’s price surge over the last few months.
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Corporate treasuries and ETF inflows are expected to continue buying Bitcoin (BTC) over the coming years. The original crypto may continue to break new ground over the next few months. Binance founder Changpeng Zhao (CZ) believes BTC could hit somewhere between $500,000 and $1 million this cycle.