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Futures
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NEW
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VIP Wealth Hub
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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Stake BTC and earn 10% APR
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BlackRock Business Development Director: Bitcoin ETF has become the company's most profitable product line.
PANews December 1 news, according to CoinDesk, BlackRock's Head of Business Development Cristiano Castro stated at the São Paulo Blockchain Conference that the Bitcoin ETF has become the company's most profitable product line, with asset allocation nearing $100 billion. The spot Bitcoin ETF IBIT, which launched in January 2024, has achieved an asset scale of $70 billion within 341 days, with an annual fee income of approximately $245 million, currently holding over 3% of the circulating Bitcoin supply.