BlackRock generates an annual income of $260 million through Bitcoin and Ethereum ETFs.

According to ChainCatcher news and a report by Cointelegraph, Leon Waidmann, research director of the nonprofit Onchain Foundation, shared data on Tuesday showing that BlackRock's annualized revenue from Bitcoin and Ethereum ETFs reached $260 million, with the Bitcoin ETF contributing $218 million and Ethereum products contributing $42 million. Waidmann stated that the profitability of BlackRock's cryptocurrency-themed ETFs may drive more investment giants in the traditional finance (TradFi) sector to launch regulated cryptocurrency trading products. BlackRock's cryptocurrency ETFs have become a “benchmark” for institutions and traditional pension funds. Meanwhile, according to blockchain data from Dune, the total assets under management (AUM) of BlackRock's funds have approached $85 billion, accounting for 57.5% of the U.S. Spot Bitcoin ETF market share, firmly holding the top position. In comparison, Fidelity's ETF holds only $22.8 billion in assets, ranking second in the U.S. Spot Bitcoin ETF market with a 15.4% market share.

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