BlackRock said its spot Bitcoin exchange-traded fund ranked among its three most significant investment themes in 2025, placing it alongside Treasury bills and leading US technology stocks.
The asset manager highlighted its iShares Bitcoin Trust ETF (IBIT) together with an ETF tracking Treasury bills and another focused on the “Magnificent Seven” — Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla.
IBIT has drawn more than $25 billion in net inflows this year, making it the sixth-largest ETF by flows, trailing only broad-based index funds, despite posting a negative return so far in 2025.
Nate Geraci, president of NovaDius Wealth Management, said on Monday that BlackRock’s inclusion of IBIT shows the firm remains unfazed by Bitcoin’s roughly 30% decline from its October peak.
Bloomberg ETF analyst Eric Balchunas shared a similar view on Friday, noting that if the ETF “can pull in $25 billion in a bad year, just imagine the flow potential in a good one.”
The $25 billion in inflows this year adds to the roughly $37 billion IBIT attracted in 2024, bringing total inflows since launch to about $62.5 billion, according to Farside Investors data.
IBIT’s cumulative flows are more than five times higher than those of its closest rival, the Fidelity Wise Origin Bitcoin Fund (FBTC).
In September, BlackRock also filed to register a Bitcoin Premium Income ETF, a product designed to sell covered call options on Bitcoin futures and collect option premiums to generate yield.
BlackRock moves deeper into Ethereum ETFs
BlackRock’s iShares Ethereum Trust ETF (ETHA) has also exceeded expectations, attracting more than $9.1 billion in inflows this year and lifting its total to nearly $12.7 billion.
The firm followed up in November with a filing for an iShares Staked Ethereum ETF to complement ETHA. BlackRock initially chose not to include staking in ETHA, but a more crypto-friendly Securities and Exchange Commission has since relaxed ETF rules, giving asset managers greater flexibility to test new product structures.
Despite its expanding crypto lineup, BlackRock has so far avoided the altcoin ETF wave that has swept through the industry, which has seen products tied to Litecoin, Solana, and XRP launch in recent months.
