IBIT ETF Emerges as Third Highest Revenue Fund for BlackRock

According to BlockBeats, Bloomberg's senior ETF analyst Eric Balchunas revealed that IBIT has become the third highest revenue-generating ETF under BlackRock, standing out among its 1,197 funds. The fund is only $9 billion away from claiming the top position. This achievement is remarkable for an ETF that is only 1.5 years old, highlighting its rapid growth and success within the industry.