IBIT projects annual revenue of $245 million and approximately $97.8 billion in assets under management

Bloomberg analyst Eric Balchunas posted that iShares Bitcoin Trust Fund (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), taking the top spot. IBIT's assets under management (AUM) also reached nearly $100 billion in just over 435 days, currently managing assets of approximately $97.8 billion. According to SoSoValue data, the fund is currently the largest Bitcoin ETF in the United States, with total inflows of $62.6 billion.