BlackRock's Surge in Crypto: Bitcoin ETFs Now Its Top Revenue Driver
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BlackRock’s BLK rapid rise to dominance in the cryptocurrency ETF market has reshaped the landscape of digital-asset investing. Since the approval of spot Bitcoin ETFs in January 2024, the firm’s flagship product, the iShares Bitcoin Trust (IBIT), has surged ahead to become the company’s leading revenue generator, outperforming several of its long-established equity and fixed-income funds. This was disclosed by Cristiano Castro, director of business development at BlackRock Brazil, at the Blockchain Conference in Sao Paulo, as reported by CoinDesk.Castro described the surge in BLK’s Bitcoin ETFs as an unexpected but significant development, noting that combined allocations in products like the U.S.-based IBIT and Brazil’s IBIT39 have nearly reached $100 billion. He said the team was optimistic at launch but did not anticipate growth of this magnitude.IBIT’s massive inflows (fastest to reach $70 billion in assets) reflect a major shift in investor behavior. Traditional market participants, including hedge funds, wealth managers and corporate treasuries, are increasingly seeking regulated exposure to Bitcoin through vehicles that offer transparency, liquidity and ease of access. BlackRock’s reputation, combined with its distribution network, provided an immediate advantage. As a result, the fund has consistently recorded billions in net inflows, securing a commanding share of the market since the launch, despite recent Bitcoin price volatility.The revenues generated from the ETFs are primarily driven by BLK’s asset growth and management fees. While the fee structure remains competitive, the sheer volume of assets under management (AUM) has propelled IBIT ahead of many of the company’s established products in terms of profitability. As of Sept. 30, 2025, its AUM under digital assets was $104 billion, signaling a broader acceptance of cryptocurrencies within diversified portfolios.As Bitcoin continues to solidify its role as an alternative store of value, BlackRock’s leadership in the ETF space may set the tone for the next era of crypto-driven financial innovation. The company’s performance suggests that digital-asset investment products are no longer a niche; they are becoming central to global asset-management strategies. The company is the first asset manager to surpass $13 trillion in AUM, reaching a record $13.46 trillion as of Sept. 30, 2025.BlackRock’s Price Performance & Zacks RankShares of BlackRock have gained 7.1% over the past six months against the industry’s decline of 5.8%. Image Source: Zacks Investment ResearchAt present, BLK carries a Zacks Rank #3 (Hold).BLK’s Peers Worth a LookSome of BlackRock’s peers, including Invesco IVZ and T. Rowe Price TROW, are worth betting on. Both sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Over the past month, the Zacks Consensus Estimate for IVZ’s 2025 earnings has been revised 2.1% upward to $1.95. The figure implies an increase of 14% from the prior year.Over the past 30 days, the Zacks Consensus Estimate for TROW’s 2025 earnings has been revised 4.9% higher to $9.75. The figure implies a rise of 4.5% on a year-over-year basis.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BlackRock (BLK): Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report Invesco Ltd. (IVZ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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