BlackRock’s Bitcoin and Ether ETFs have generated $260 million annually, with $218 million from Bitcoin ETFs and $42 million from Ether products. This significant revenue indicates the ETFs are a profitable model for traditional investment funds, serving as a benchmark for institutions. Leon Waidmann from the Onchain Foundation emphasized that BlackRock’s success proves cryptocurrency can be a major profit center, likening its rapid growth to that of Amazon. The increase in assets under management for BlackRock’s fund, nearing $85 billion and capturing 57.5% of the US spot Bitcoin ETF market, highlights the potential for further institutional interest in crypto. Analysts suggest that inflows into these ETFs could spark a bullish rally in crypto prices, indicating sustained demand beyond traditional market cycles. The growing inclusion of cryptocurrencies in 401(k) retirement plans may also act as a critical source of capital. Overall, the performance of BlackRock’s ETFs marks a pivotal point for institutional engagement in the cryptocurrency space.

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