BlackRock Bitcoin ETF (IBIT) is now BlackRock’s most profitable ETF, generating outsized fee revenue after reaching $97 billion AUM and $2.5 billion in recent weekly inflows; institutional demand is driving rapid growth even as short-term IBIT price volatility persists.
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BlackRock’s IBIT reached $97B AUM and led ETF fee revenue this week.
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Coinbase received approval to offer staking to New York residents for Ethereum, Solana, and Cosmos.
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The new S&P Digital Markets 50 mixes 35 crypto-linked stocks with 15 cryptocurrencies including BTC, ETH, XRP, BNB, SOL, and TRX.
BlackRock Bitcoin ETF leads profits with $97B AUM; Coinbase begins staking in NY and S&P launches hybrid Digital Markets 50 index. Explore now.
What is the BlackRock Bitcoin ETF’s recent performance and significance?
BlackRock Bitcoin ETF (IBIT) has become the firm’s most profitable ETF by annualized fee revenue after accumulating roughly $97 billion in assets under management. IBIT posted weekly inflows of about $2.5 billion versus $1.8 billion the prior week, highlighting strong institutional demand amid broader market volatility.
How has IBIT impacted the ETF landscape and investor flows?
IBIT’s rapid scale has outpaced many decades-old equity ETFs in revenue generation. Fund inflows accelerated in recent weeks, signaling that large asset managers and institutional investors are treating a Bitcoin ETF as a core allocation. Short-term price swings have affected IBIT’s market price—trading near $65.85 before a 4% drop on Friday—yet fee revenue and net inflows remain substantial.
Why did S&P Global launch a hybrid crypto index?
S&P Global introduced the Digital Markets 50 to provide a single rules-based benchmark that combines direct cryptocurrency exposure and public company exposure tied to the ecosystem. The index will track 35 publicly traded crypto-related companies and 15 cryptocurrencies drawn from the S&P Cryptocurrency Broad Digital Market Index, including Bitcoin, Ethereum, XRP, BNB, Solana, and Tron.
How will the index affect asset managers and product design?
The hybrid index simplifies allocation decisions by bundling diversified crypto exposure into one benchmark. Asset managers can use it to build single-fund products that avoid stock-vs-crypto selection bias. S&P representatives framed the launch as a maturation step for digital assets in global markets.
How did Coinbase secure staking access in New York and what does it cover?
Coinbase reached terms to offer staking services to New York residents after years of regulatory negotiations. Staking will cover Ethereum, Solana, and Cosmos, making Coinbase the sole major exchange currently offering these services within the state, according to the company’s public statements and state filings reported by industry outlets.
Other exchanges still restrict staking for New Yorkers: Gemini’s customer agreement continues to exclude New York, Kraken excludes New York for certain products, and Bitstamp limits staking to European users despite U.S. ownership ties.
Frequently Asked Questions
Is IBIT vulnerable to market corrections?
Short-term price moves can affect IBIT’s listed share price and AUM fluctuations, but fee revenue and institutional allocations indicate durable demand. Investors should separate ETF revenue metrics from day-to-day market price volatility.
How should investors view hybrid index products?
Hybrid indices offer blended exposure and reduce single-asset concentration risk. They are useful for diversified allocations but require scrutiny of index rules, rebalancing frequency, and constituents to align with investment objectives.
Key Takeaways
- IBIT Scale and Revenue: BlackRock’s iShares Bitcoin Trust reached ~$97B AUM and became the company’s top ETF by fee revenue.
- S&P Hybrid Index: The Digital Markets 50 blends 35 crypto-related equities with 15 cryptocurrencies to simplify exposure.
- Coinbase in NY: Coinbase now offers staking for Ethereum, Solana, and Cosmos to New York residents, leaving limited local competition.
Conclusion
BlackRock’s Bitcoin ETF has rapidly scaled to become a leading fee generator, S&P Global’s Digital Markets 50 formalizes a hybrid approach to crypto exposure, and Coinbase’s regulatory progress opens staking to New Yorkers for key protocols. Watch institutional flows and index adoption as signals for broader market integration. For ongoing coverage, COINOTAG will publish updates as developments are confirmed.
Published: 2025-10-10 · Updated: 2025-10-10 · Author: COINOTAG
