BlackRock, the world's largest asset manager, has achieved a significant milestone with its Bitcoin and Ethereum exchange-traded funds (ETFs), generating over $260 million in annual revenue within just two years of operation. According to data highlighted by industry analysts, including Leon Waidmann of the Onchain Foundation, the revenue breakdown shows $218 million from Bitcoin-based products (specifically the IBIT ETF) and $42 million from Ethereum-based products (ETHA ETF).
These ETFs have amassed more than $100 billion in combined assets under management, with BlackRock's IBIT capturing 75% of U.S. Bitcoin ETF inflows and ETHA securing 72.5% of Ethereum flows. On-chain data from Arkham Intelligence reveals that BlackRock now holds over 756,000 BTC (valued at $85.29 billion) and 3.802 million ETH (valued at $15.89 billion), making it the largest institutional custodian of these cryptocurrencies. CEO Larry Fink emphasized that digital assets are attracting a new generation of global investors, contributing to $14.1 billion in net inflows for Q2 2025 alone.
The success signals a broader shift toward regulated crypto investments, with analysts like Omar Kanji of Dragonfly noting it reflects strong investor confidence. BlackRock's efforts extend to tokenizing real-world assets, such as its BUIDL fund, which has grown to over $2 billion, indicating future expansions in ETF structures pending regulatory approvals.