BlackRock has named its spot Bitcoin exchange-traded fund as one of its three biggest investment themes for 2025, placing it alongside US Treasury bills and major US technology stocks.
The asset manager highlighted the iShares Bitcoin Trust ETF (IBIT) together with an ETF tracking Treasury bills and another linked to the so-called “Magnificent 7” tech companies such as Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla.
IBIT has recorded more than $25 billion in net inflows so far in 2025, making it the sixth-largest ETF by inflows this year. This comes despite the fund posting a negative return and trailing broad market index funds.
Nate Geraci, president of NovaDius Wealth Management, said BlackRock’s decision shows the firm is not concerned about Bitcoin’s roughly 30% decline from its October peak.
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Eric Balchunas, a senior ETF analyst at Bloomberg, shared a similar view. He said that if IBIT can attract $25 billion in inflows during a weak year, its potential inflows in a strong market could be much higher.
BlackRock new Bitcoin income product in the pipeline
The $25 billion in inflows this year adds to the nearly $37 billion that IBIT attracted in 2024, lifting the fund’s total inflows since launch to about $62.5 billion, according to data from Farside Investors.
In September, BlackRock filed to register a Bitcoin Premium Income ETF. The proposed fund aims to sell covered call options on Bitcoin futures, allowing it to collect option premiums and generate regular income for investors.
