BlockBeats News, September 23rd, Leon Waidmann, Research Director of the non-profit Onchain Foundation, shared data on Tuesday showing that BlackRock's Bitcoin and Ethereum ETFs had a total annualized revenue of $260 million, with the Bitcoin ETF contributing $218 million and the Ethereum product contributing $42 million.
Waidmann stated that the profitability of BlackRock's cryptocurrency-themed ETF may drive more traditional finance (TradFi) giants to launch regulated cryptocurrency investment products. BlackRock's cryptocurrency ETF has become a "benchmark" for institutions and traditional pension funds.