BlackRock’s bitcoin exchange-traded funds (ETFs) have change into the agency’s most worthwhile product line, in line with Cristiano Castro, director of enterprise growth at BlackRock Brazil.
The determine is notable on condition that the agency manages over 1,400 ETFs globally and is the world’s largest asset supervisor with greater than $13.4 trillion in property below administration.
Talking on the Blockchain Convention in São Paulo to native media, Castro known as the event “a giant shock” and stated that allocations within the agency’s bitcoin ETFs, together with the U.S.-based IBIT and Brazil’s IBIT39, had come near $100 billion.
“After we launched, we had been optimistic,” Castro stated, “however we didn’t anticipate this scale.”
The agency’s U.S.-listed spot bitcoin ETF IBIT, launched in January 2024, grew to become the quickest in historical past to achieve $70 billion in property, doing so in 341 days. That momentum has continued regardless of current volatility in bitcoin’s value, with the ETF presently sitting at $70.7 billion in internet property in line with SoSoValue information.
Internet inflows exceeded $52 billion in its first 12 months, far outpacing all different ETFs launched within the final decade. IBIT additionally generated an estimated $245 million in annual charges by October 2025.
IBIT’s speedy progress has been fueled by BlackRock’s world distribution community and a wave of institutional curiosity following U.S. regulatory approval of spot bitcoin ETFs. It now holds over 3% of bitcoin’s complete provide, and it was adopted by numerous BTC-linked merchandise from BlackRock, together with ETPs abroad.
Castro addressed current outflows from bitcoin funds, saying that such motion is predicted given how retail traders are inclined to react to cost drops. “ETFs are a really liquid and highly effective instrument. They’re meant for folks to handle flows,” he stated.
BlackRock itself has been betting on its bitcoin ETF. Its Strategic Revenue Alternatives Portfolio has not too long ago raised its stake in IBIT by 14%.
CoinDesk has reached out to BlackRock however did not hear again on the time of writing.
