According to PANews, data shared by Leon Waidmann, head of research at the nonprofit Onchain Foundation, reveals that BlackRock's Bitcoin and Ethereum ETFs have generated an annualized revenue of $260 million. Of this, the Bitcoin ETF contributed $218 million, while the Ethereum product added $42 million. Waidmann suggests that the profitability of BlackRock's cryptocurrency-themed ETFs could encourage more traditional financial giants to launch regulated crypto trading products. BlackRock's crypto ETFs have become a benchmark for institutional and traditional pension funds.
Meanwhile, blockchain data from Dune indicates that BlackRock's total assets under management (AUM) have reached nearly $85 billion, capturing 57.5% of the U.S. spot Bitcoin ETF market share, maintaining its leading position. In comparison, Fidelity's ETF holds $22.8 billion in assets, securing 15.4% of the U.S. spot Bitcoin ETF market, ranking second.
