BlackRock earns $260 million in annual revenue through Bitcoin and Ethereum ETFs
Jinse Finance reported that data shared on Tuesday by Leon Waidmann, Head of Research at the nonprofit Onchain Foundation, shows that BlackRock's bitcoin and ethereum ETFs have a total annualized revenue of $260 million, with bitcoin ETFs contributing $218 million and ethereum products contributing $42 million. Waidmann stated that the profitability of BlackRock's crypto-themed ETFs may drive more investment giants from the traditional finance (TradFi) sector to launch regulated crypto trading products. BlackRock's crypto ETFs have become a "benchmark" for institutions and traditional pension funds. Meanwhile, according to blockchain data from Dune, BlackRock's total assets under management (AUM) have approached $85 billion, accounting for 57.5% of the US spot bitcoin ETF market share, firmly ranking first. In contrast, an ETF from another exchange holds only $22.8 billion in assets, ranking second in the US spot bitcoin ETF market with a 15.4% market share.
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