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The approval of 11 spot Bitcoin ETFs in 2024 was a historic decision by the US SEC. Today, BlackRock’s IBIT Bitcoin ETF is the firm’s most profitable ETF product by quite a margin. The world’s largest asset manager has earned $245 million in fees from its BTC ETF, $25 million more than the second most profitable ETF. Bloomberg ETF analyst Eric Balchunas took to X and highlighted that BlackRock’s IBIT ETF is just moments away from hitting $100 billion. $IBIT a hair away from $100 billion, is now the most profitable ETF for BlackRock by a good amount now based on current aum. Check out the ages of the rest of the Top 10. Absurd. pic.twitter.com/E8ZMI2wynx — Eric Balchunas (@EricBalchunas) October 6, 2025 BlackRock’s Bitcoin ETF Bet Paying Off Source: Coinsturn The table shared by Balchunas also shows that the IBIT ETF became BlackRock’s most profitable ETF within just one year, while other products are more than 12 years old, and in many cases, mo...

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BlackRock’s recent crypto moves have been nothing short of aggressive, underscoring the fact that institutional adoption of digital assets is gaining full steam. After a month-long buying spree and countless headlines featuring nine-digit acquisitions, however, the fund has finally made a major sale. Namely, on June 23, BlackRock deposited 8,172 Ethereum (ETH), worth approximately $18.4 million, to Coinbase Prime, according to data provided by Arkham. BlackRock ETH deposits. Source: Arkham  BlackRock ETH sale The June 23 transaction, is seen as a potential pivot in the firm’s crypto strategy, particularly in regard to Ethereum. However, given the fund’s past optimism and high-profile involvement in crypto ETFs (exchange-traded funds), the deposit could also reflect macroeconomic caution. Indeed, Ethereum tanked 10% earlier today, despite $274 million in institutional inflows recorded on the weekend, trading as low as $2,178 at one point. At press time, ...

The crypto market recovered after its latest correction, which saw Bitcoin (BTC) drop below $90K in the last 24 hours, as Fartcoin (FARTCOIN), Raydium (RAY) and Hyperliquid (HYPE) lead the rebound. BTC plunged to as low as $89.260.10 during yesterday’s trading session, CoinMarketCap data shows. It has since surged back to trade at $94,885.09 as of 1:46 a.m. EST. FARTCOIN, HYPE, And RAY Lead Crypto Market Recovery Meme coin FARTCOIN posted the biggest gain over the past 24 hours among major cryptos after its price soared more than 34% to trade at $1.04. This surge, however, was not enough for the altcoin to erase its losses over the last week. As a result, the meme coin is still over 12% in the red on the 7-day time frame. RAY posted a more than 8% gain throughout the past day of trading, making it the second-best 24-hour performer in the market, while HYPE recorded an 8% increase in price as well.  RAY is still down more than 13% over the past 7 days while HYPE’...

According to cryptocurrency Analysis firm LookOnChain, BlackRock purchased another 4,528 Bitcoin (BTC), worth around $322.68 million. The financial giant’s latest purchase takes its total holdings to 408,253 BTC, worth a whopping $29.09 billion. Also Read: IBM: Will It Be Worth More Than Microsoft (MSFT) By 2035? BlackRock bought 4,528 $BTC($322.68M) again yesterday and currently holds 408,253 $BTC($29.09B).https://t.co/kqNUqHBiTn pic.twitter.com/gcjJqs4DD1 — Lookonchain (@lookonchain) October 29, 2024 Did BlackRock’s Purchase Push Bitcoin To $72,000? BlackRock’s recent Bitcoin (BTC) purchase may have pushed the asset to breach the $72,000 price point once again. Other bullish developments around BTC include Microstrategy revealing a profitable quarter and its stock, MSTR, hitting a new all-time high on Tuesday. Source: news.bitcoin.com Also Read: Can TradingView Place Option Order from Webull? BTC is now inching closer to a new peak. The asset is currently only...

Crypto analysts predict renewed interest in meme coins around Q4, sparking excitement as Crypto All-Stars raises over $1.5 million in its presale. The recent surge in the crypto market can be attributed to the Federal Reserve’s significant decision to cut interest rates by 0.5% for the first time since March 2020. Additionally, BlackRock, the largest asset manager globally, has expressed increased support for Bitcoin by releasing a whitepaper that highlights it as a ‘unique diversifier’ against monetary and geopolitical risks. These interest rate cuts and BlackRock’s endorsement have positively influenced market sentiment, evident in the crypto Fear & Greed Index as it shifts away from extreme fear. As a result, investors are turning their focus to new crypto projects during this rally, including the Crypto All-Stars presale, which has gained traction in the crypto community with its upcoming unified meme coin staking protocol. Maximizing Rewards through ...

$9 trillion asset management company BlackRock says that Bitcoin is a hedge against global disorder and geopolitical uncertainty. In a statement, the company called Bitcoin a global monetary alternative. According to BlackRock, the asset “could serve as a hedge against increasing global disorder and declining trust in governments, banks, and fiat currencies.” JUST IN: BlackRock says #Bitcoin could be a "hedge against increasing global disorder and declining trust in governments, banks, and fiat currencies." — Watcher.Guru (@WatcherGuru) September 12, 2024 BlackRock’s Bitcoin ETF has been one of the top ETFs for the coin since January 2024. Following the launch of the funds, Bitcoin exploded in price, reaching a new all-time high of $73,000 in March 2024. Crypto-based ETFs have dominated the conversation within the finance sector, led by Bitcoin and newly released Ethereum ETFs. BlackRock’s Jay Jacobs Shared Company’s Support for Bitcoin in the Past Bl...

With the asset manager issuing a Spot BTC ETF this year, BlackRock CEO Larry Fink has called Bitcoin digital gold. Speaking with CNBC, Fink discussed the leading cryptocurrency, while saying the crypto is “absolutely,” something people should invest in for the long term. Fink was a well-known skeptic, often speaking out against the potential of the crypto market as a whole. That certainly changed this year. In March, Fink said he was “very bullish on the long-term viability,” of BTC. Moreover, that has seemingly been reinforced by the firm’s success with its Bitcoin ETF which debuted in January. JUST IN: BlackRock CEO Larry Fink says #Bitcoin is digital gold. pic.twitter.com/OVDBlBpbtf — Watcher.Guru (@WatcherGuru) July 15, 2024 Also Read: BlackRock: BUIDL Fund Nears $500M in Assets Under Management BlackRock’s Fink Calls Bitcoin ‘Digital Gold’ Source: news.bitcoin.com 2024 has certainly been hugely important for crypto. The year saw...

Europe’s second-largest bank, BNP Paribas, has purchased BlackRock Spot Bitcoin ETF shares. Indeed, a 13F filing with the US Securities and Exchange Commission (SEC) shows the purchase of shares in the asset management firm’s iShares Bitcoin Trust (IBIT) in Q1 2024. The filing was made on May 1st, 2024, and detailed BNP Paribas purchase of 1,030 IBIT shares. Moreover, that acquisition cost the multinational bank more than $40 per share, for a total cost of $42,684. However, that price is currency far below the price of a single Bitcoin, which is currently trading at more than $58,000. JUST IN: Europe's second-largest bank, BNP Paribas, buys BlackRock spot # Bitcoin ETF shares. — Watcher.Guru (@WatcherGuru) May 2, 2024 Also Read: BlackRock Expects Spot Bitcoin ETF Trading By Sovereign Wealth Europe’s BNP Paribas Buys BlackRock Spot Bitcoin ETF Shares At the start of the year, the digital asset sector saw a landmark development with the...

This week, spot Bitcoin ETFs recorded impressive inflows as the digital currency continued to battle the bears at the $41,000 mark. Meanwhile, the crypto scene witnessed updates on the Coinbase vs. SEC case. First week of trading: spot Bitcoin ETFs This week marked the first trading week for the recently-approved spot Bitcoin exchange-traded funds. Most products saw massive inflows, with BlackRock’s IBIT recording $500 million and Fidelity’s FBTC seeing $421 million inflows, per a Jan. 16 report. The Grayscale Bitcoin Trust (GBTC), which already commanded investments before its pivot to an ETF, was the only spot Bitcoin ETF to see net daily outflows, totaling $579 million as of Jan. 16. This was attributed to its high fees, which stands at 1.5%. In another interesting metric, data confirmed that, as of Jan. 16, all the spot Bitcoin ETFs commanded a combined volume of $1.8 billion. This figure was nearly four times the combined volume of all 500 ETFs launched last year, which...

Today’s weekly recap looks at the U.S. ETF race, as BlackRock and VanEck amend their filing s. Also, Montenegro’s authorities are considering extraditing Terra’s founder, while the crypto scene sees sustained regulatory developments. BlackRock, Bitwise, VanEck amend ETF filings As leading asset managers continued to anticipate a decision on a spot Bitcoin ETF, they made changes to align with the U.S. SEC’s demands. Bloomberg ETF analyst James Seyffart revealed on Dec. 4 that BlackRock had amended its filing. Reports further suggested that crypto fund manager Bitwise also updated its application. Seyffart noted that these updates confirm that the SEC is actively discussing the potential launch of the product Four days later, asset manager VanEck also submitted a modified Form S-1 filing to the U.S. SEC, marking its first amendment, as disclosed by Seyffart. Per the updated filing, the product is expected to carry the ticker HODL. Pando joins ETF race, Bla...

An unknown investor paid $100,000 in seed capital for shares in BlackRock’s spot Bitcoin ETF, which was filed in June 2023 and preceded a wave of applications with the SEC. This seed capital investor initiated the purchase on Oct. 27 and took delivery of 4,000 share s on the same day. Seed capital is the initial funding required to finance creation units underpinning an ETF.  BlackRock offered each seed share at $25, the $10 trillion asset management heavyweight disclosed in a  Dec. 4 amendment to its S-1 filing with the U.S. Securities and Exchange Commission (SEC). Bitwise filed an updated prospectus for a spot Bitcoin (BTC) ETF as crypto.news reported, although no mention was made of seed share s. This means BlackRock is likely the sole issuer that has received a batch of seed funding for now.  The Wall Street titan was also negotiating with the SEC over redemption models for spot BTC ETFs, favoring an “in-kind structure” that Bloomberg experts surmised could benefit...

Stephen Schoenfield and Martin Bednall, former senior executives at BlackRock, are optimistic that the Securities and Exchange Commission (SEC) has “no choice” but to approve multiple Bitcoin exchange-traded funds (ETFs) within the next 3-6 months.  Despite initial predictions, Schoenfield changed his timeline due to the commission’s decision to request comments on applications instead of rejecting them outright. The Grayscale lawsuit victory also suggests that the SEC may have to allow the Grayscale Bitcoin Trust to be converted into an ETF. You might also like: US SEC delays ARK 21Shares Bitcoin ETF ruling until January 2024 Shenfield believes that all applications will be approved at once, similar to the case with Ethereum futures ETFs, to prevent market monopolization by large participants.  However, Bednall disagrees and claims that “six to nine” large investment firms are committed to the crypto asset market, some of which have more eff...