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BlackRock’s Bitcoin ETF Becomes Top Revenue Driver, Surpasses S&P 500 Fund

  • BlackRock’s bitcoin ETF IBIT surpasses S&P 500 fund in revenue generation.
  • IBIT earns $187.2 million annually, becomes BlackRock’s third top revenue-generating ETF.
  • Investors show high demand for IBIT, world's largest bitcoin spot ETF with 700,000 bitcoins.
  • Cryptocurrency ETF inflows rise, leading to record highs in bitcoin and ether investments.
  • Crypto ETFs anticipate robust growth with favorable regulatory developments in the US market.

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