IBIT is expected to generate annual revenue of $245 million, with assets under management of approximately $97.8 billion.
Jinse Finance reported 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 value has surpassed BlackRock's iShares Russell 1000 Growth ETF (IWF) and iShares MSCI EAFE ETF (EFA), rising to the top. IBIT's assets under management (AUM) have also approached $100 billion in just over 435 days, with current managed assets of approximately $97.8 billion. According to SoSoValue data, this fund is currently the largest Bitcoin ETF in the United States, with cumulative inflows reaching $62.6 billion.
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