Bloomberg analyst Eric Balchunas has highlighted how the BlackRock Bitcoin ETF (IBIT) has performed in comparison to the world’s largest asset manager’s older funds. This comes as the fund approaches the $100 billion milestone, which will make it the fastest to reach this milestone.

BlackRock Bitcoin ETF Becomes Most Profitable Fund

In an X post , Balchunas revealed that the BlackRock Bitcoin ETF, which is approaching $100 billion, is now the most profitable fund for the asset manager by a “good amount.” The Bloomberg analyst also highlighted that this is a massive feat for the Bitcoin fund, considering its age in comparison to the other funds.

The BlackRock Bitcoin ETF, which was launched last year, is currently generating an annual revenue of $244.5 million for the

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