BlackRock’s Crypto Cash Grab: $260M in 2 Years? 😱💰

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So, BlackRock decided to dip its toes into the crypto pool, and boom! They’re swimming in a $260 million jackpot in less than two years. Who knew Larry from accounting was secretly a crypto genius? 🤷♂️

Turns out, their Bitcoin and Ethereum ETFs are the belle of the ball, dominating the market like I dominate a buffet. 🥂 Now they’re sitting pretty with one of their most profitable ventures. Who needs traditional finance when you can just ride the crypto wave? 🌊

How BlackRock Accidentally Became the Crypto Kingpin

According to Omar Kanji, some Dragonfly big shot, BlackRock’s iShares Bitcoin Trust (IBIT) raked in $218 million in fees at a cool 0.25% commission. Their Ethereum fund, ETHA, chipped in another $42 million. Not too shabby for a couple of digital coins, huh? 💸

Kanji’s like, “Yeah, it’s not just the money, it’s how fast they did it.” Because apparently, BlackRock’s crypto game is faster than my excuses for missing a meeting. 🚀

BlackRock now makes over a quarter billion dollars a year from crypto and they did it in <2 years

– Omar (@TheOneandOmsy) September 19, 2025

Here’s the kicker: investors are paying through the nose for these crypto products compared to traditional ETFs. IBIT and ETHA charge 0.25% annually, while their other ETFs are practically giving money away at 0.03% to 0.1%. Talk about a premium! 🤑

Meanwhile, BlackRock’s timing couldn’t be better. Investor enthusiasm is through the roof, and their ETFs are soaking it all up like a sponge in a rainstorm. 🌧️

Launched in January 2024, IBIT is now the biggest crypto ETF globally and the 22nd largest ETF overall. It’s pulled in $60.6 billion in net inflows, which is like, 75% of all US Bitcoin ETF flows. Today, it’s managing over $88 billion. That’s not a fund, that’s a fortress! 🏰

And let’s not forget ETHA, BlackRock’s Ethereum darling. Since its July 2024 debut, it’s grabbed $13.4 billion in net inflows, commanding a whopping 72.5% of all US ETH ETF flows. Ethereum’s like, “Bitcoin, hold my beer.” 🍺

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2025-09-20 21:37