BlackRock Earns $32M from Bitcoin ETF in Q1 as BTC Nears $100K

Quick Summary:

BlackRock revealed $32 million in Q1 revenue from its Bitcoin ETF, iShares Bitcoin Trust (IBIT), in a new SEC filing.

The firm also reported $47.78 billion in net assets at the end of Q1 2025, down from $51.52 billion in Q4 2024.  Despite the price correction, institutional demand stayed strong.

A recent bullish MA crossover reinforces upward momentum.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab Emirates

Topics: Bitcoin News ETF Bitcoin BTC BlackRock

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 15:00:56 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 345 words

Reading Time: 2 minutes read

Sentences: 37 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28499255

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

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News Last Updated: 15 hours ago

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