BlackRock generates $260 million in annual revenue from Bitcoin and Ethereum ETFs

Leon Waidmann, head of research at the nonprofit Onchain Foundation, shared data on Tuesday showing that BlackRock's Bitcoin and Ethereum ETFs have generated combined annualized revenue of $260 million, with the Bitcoin ETF contributing $218 million and the Ethereum product $42 million. Waidmann stated that the profitability of BlackRock's cryptocurrency ETFs could encourage more investment giants in traditional finance (TradFi) to launch regulated cryptocurrency trading products. BlackRock's cryptocurrency ETFs have become a benchmark for institutional and traditional pension funds.