Blackrock Pins Bitcoin ETF as Major Investment Theme
BlackRock has identified its spot Bitcoin ETF (iShares Bitcoin Trust, IBIT) as one of its top three investment themes for 2025, alongside Treasury bill and “Magnificent 7” tech stock ETFs. Despite negative returns in 2025 and Bitcoin’s 30% price decline from its October peak, IBIT has seen over $25 billion in net inflows this year, making it the sixth most popular ETF by inflows and far surpassing competitors. Since launch, IBIT has attracted $62.5 billion in total inflows. BlackRock also filed to register a Bitcoin Premium Income ETF that will use covered call options for yield, and its iShares Ethereum Trust ETF (ETHA) has pulled in over $9.1 billion in 2025, with nearly $12.7 billion total inflows. BlackRock filed for a staked Ethereum ETF but has not launched products for altcoins like Litecoin, Solana, or XRP. Loosening SEC regulations are enabling asset managers to launch innovative crypto ETF products.
