How Has The BlackRock Bitcoin ETF Fared Compared To Its Older Funds?

Bloomberg analyst Eric Balchunas has highlighted how the BlackRock Bitcoin ETF (IBIT) has performed in comparison to the world’s largest asset manager’s older funds. This comes as the fund approaches the $100 billion milestone, which will make it the fastest to reach this milestone. 

BlackRock Bitcoin ETF Becomes Most Profitable Fund

In an X post, Balchunas revealed that the BlackRock Bitcoin ETF, which is approaching $100 billion, is now the most profitable fund for the asset manager by a “good amount.” The Bloomberg analyst also highlighted that this is a massive feat for the Bitcoin fund, considering its age in comparison to the other funds.  

The BlackRock Bitcoin ETF, which was launched last year, is currently generating an annual revenue of $244.5 million for the world’s largest asset manager. This is well ahead of BlackRock’s Russell 1000 Growth ETF, which is 25 years old and generates an annual revenue of $219.3 million, placing it in second place. 

Notably, the BlackRock Bitcoin ETF is the only fund on the list that has a single-digit age. The other of BlackRock’s funds are 12 years and above. Eric Balchunas also noted that IBIT was approaching $100 billion in assets under management (AuM), which could make it the fastest to reach this milestone. 

The Bloomberg analyst revealed that the Vanguard S&P 500 ETF currently holds this record, although it achieved this feat in 2,011 days. Meanwhile, the BlackRock Bitcoin ETF, which is just 437 days old, currently has $99.44 billion in assets under management, putting it on track to surpass this record by a considerable margin.

This comes as the BlackRock BTC ETF continues to lead the pack, with massive daily net inflows. On October 6, these Bitcoin funds saw $1.19 billion in daily net inflows, with IBIT accounting $970 million of these flows. Meanwhile, they recorded a daily net inflow of $875.6 million yesterday, with IBIT accounting for $899.4 million of these flows. 

IBIT Also Among Top 20 ETFs By AuM

Eric Balchunas also revealed that the BlackRock Bitcoin ETF is now in the top 20 in ETF assets following the rapid increase in its AuM. Based on its current AuM, IBIT is 19th on the list of largest ETFs, just ahead of Vanguard’s VIG and the “legendary” Technology Select Sector SPDR Fund. 

The Bloomberg analyst remarked that if the last 12 months are repeated, it may not take too long for the BlackRock Bitcoin ETF to break into the top 10. He noted that the fund took in $40 billion over the last 12 months and saw an 85% increase. He added that he will put the timeline at December 2026 if he has to give one. 

At the time of writing, the BTC price is trading at around $121,500, down over 2% in the last 24 hours, according to data from CoinMarketCap.