BlackRock earns $260 million annually from Bitcoin and Ethereum ETFs

On September 23, Leon Waidmann, the research director of the non-profit organization Onchain Foundation, shared data indicating that BlackRock's Bitcoin and Ethereum ETF has an annualized income of $260 million, with the Bitcoin ETF contributing $218 million and the Ethereum products contributing $42 million. Waidmann stated that the profitability of BlackRock's crypto assets-themed ETF may drive more investment giants in the TradFi sector to launch regulated crypto asset trading products. BlackRock's crypto assets ETF has become a benchmark for institutions and traditional pension funds.

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