BlackRock’s U.S. Bitcoin ETF grew to $70B AUM, generating about $245M in annual fees, helping push the firm’s total bitcoin allocations toward $100B across products. BlackRock’s Bitcoin exchange-traded funds have become the asset management firm’s most profitable product line, according…
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Editor’s Analysis
BlackRock Bitcoin ETF emerges as firm’s most profitable product line continues to draw attention due to its market movement and investor sentiment. While this news is significant, it’s important to consider long-term fundamentals and avoid reacting solely based on short-term hype.
This content is for informational purposes only and should not be taken as financial advice.
Credit: Andrew Folkler
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