BlackRock earns $260 million annually from Bitcoin and Ethereum ETFs

ChainCatcher news, according to Cointelegraph, data shared by Leon Waidmann, research director of the nonprofit Onchain Foundation, on Tuesday shows that BlackRock's Bitcoin and Ethereum ETFs have a total annualized income of $260 million, with the Bitcoin ETF contributing $218 million and the Ethereum product contributing $42 million.

Waidmann stated that the profitability of BlackRock's cryptocurrency-themed ETFs may drive more investment giants in the traditional finance (TradFi) sector to launch regulated cryptocurrency trading products. BlackRock's cryptocurrency ETFs have become a "benchmark" for institutions and traditional pension funds. Meanwhile, according to blockchain data from Dune, the total assets under management (AUM) of BlackRock's funds have approached $85 billion, accounting for 57.5% of the U.S. spot Bitcoin ETF market share, firmly in the lead. In contrast, Fidelity's ETF holds only $22.8 billion in assets, ranking second in the U.S. spot Bitcoin ETF market with a 15.4% market share.