BlackRock’s Bitcoin and Ether ETFs are now bringing in more than $260 million annually, according to figures shared by Leon Waidmann , head of research at the Onchain Foundation (formerly the Lisk Foundation). In less than two years, BlackRock’s ETFs have earned a quarter-billion dollars, with $218 million from Bitcoin products and $42 million from Ethereum 1 to Waidmann, “ this isn’t experimentation 2 world’s largest asset manager has proven that crypto is a serious profit center .” BlackRock has quietly built a crypto empire! In less than 2 ye,ars their Bitcoin and Ethereum ETFs are generating over $260M in annual revenue. $218M from Bitcoin $42M from Ethereum That’s a quarter-billion-dollar business, built almost 3 comparison, many… 4 — Leon Waidmann (@LeonWaidmann) September 23, 2025 For comparison, many fintech startups spend a decade trying to reach that kind of 5 success shows that crypto ETFs are no longer just a test run but a major source of income for the world’s largest asset 6 added that every pension fund, sovereign wealth fund, and insurance company will now use BlackRock as a 7 the asset manager can extract $260 million annually from Bitcoin and Ethereum, Wall Street institutions around the globe are now forced to take crypto seriously, not as “future tech,” but as a business opportunity they’re already late to.
BlackRock’s Bitcoin and Ether ETFs Inspire Wall Street Crypto Custody According to on-chain data from Arkham Intelligence , BlackRock is now the largest institutional custodian of Bitcoin and 8 firm holds over 756,000 BTC, valued at $85.29 billion, and 3.802 million Ether (ETH), valued at $15.89 billion.), the crypto category is emerging as one of its fastest-growing product lines.) tied to real-world assets such as stocks, subject to regulatory considerations. @BlackRock is looking into the tokenization of ETFs, following the firm's launch of its BUIDL fund and spot Bitcoin ETFs. #Tokenization #BlackRock #ETFs 0 — 9 (@cryptonews) September 11, 2025 The move follows BlackRock’s earlier ventures into digital 10 2024, the company launched its tokenized money-market fund BUIDL, which has grown to more than $2 billion in assets and has gained traction across crypto 11 from crypto ETFs, BlackRock has also been championing real-world asset (RWA) tokenization.
Recently, Ripple partnered with Securitize , a real-world asset firm, to launch a smart contract allowing holders of BlackRock’s BUIDL and VanEck’s VBILL tokenized treasury funds to exchange their shares for Ripple USD (RLUSD). Alessio Quaglini, CEO of Hong Kong-based Hex Trust, believes regulation is the last hurdle to full institutional participation in crypto. “ Give it a few months, every single bank in the 12 provide custody services for Bitcoin ,” Quaglini said in a recent interview. “ That’s when we’ll have real adoption, when banks start offering Bitcoin deposits, trading, and structured products .” His view adds to the growing belief that once 13 finalize rules, the banking sector will follow 14 banks worldwide have run pilots, few have gone live without clear U.
S. approval.
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