BlackRock’s Bitcoin ETF just became its most profitable in under 2 years
BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT) has officially become the firm’s most profitable exchange-traded fund (ETF), less than two years after its debut. The milestone points to the growing interest in Bitcoin (BTC) on Wall Street, with ETFs serving as a key gateway for institutions to gain exposure to the asset. Notably, the success of IBIT has helped fuel Bitcoin’s ongoing bull run, which recently culminated in a record high above $123,000. As of press time, Bitcoin was trading at $120,133, up over 1% in the past 24 hours. Since its launch in early 2024, IBIT has delivered returns of around 300% for investors, with demand surging amid Bitcoin’s rally, according to Bloomberg ETF analyst Eric Balchunas. JUST IN: BlackRock's spot Bitcoin ETF is now the company's most profitable ETF, Bloomberg reports. pic.twitter.com/3YkmdWCUMw — Watcher.Guru (@WatcherGuru) July 14, 2025 IBIT assets surge to $88 billion In an X post on ...