2025-12-01 10:19:31

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2025-12-01 02:23:46

BlackRock Business Development Director: Bitcoin ETF has become the company's most profitable product line.

PANews reported on December 1st that Cristiano Castro, the Head of Business Development at BlackRock, 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, achieved an asset scale of $70 billion within 341 days, generating annual fee income of approximately $245 million, and currently holds over 3% of the circulating supply of Bitcoin.

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