Public Keys: BlackRock Bitcoin Fee Frenzy, S&P Catchall and New York Stakes
The post Public Keys: BlackRock Bitcoin Fee Frenzy, S&P Catchall and New York Stakes appeared on BitcoinEthereumNews.com.
In brief BlackRock’s Bitcoin ETF (IBIT) has become the asset manager’s most profitable fund by annualized fee revenue, with $97 billion in assets after just 21 months. S&P Global launched its first hybrid “Digital Markets 50” index combining 35 blockchain-related stocks with 15 major cryptocurrencies. Coinbase secured approval to offer staking services in New York for Ethereum, Solana, and Cosmos, becoming the first major exchange to do so. Public keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week BlackRock mints a new most-profitable ETF, S&P Global gets in the mix, and Coinbase stakes its claim on New York. Bitcoin Rules at BlackRock BlackRock’s iShares Bitcoin Trust has become the $12 trillion asset manager’s most profitable ETF by annualized fee revenue. As of Thursday’s close, the fund had $97 billion worth of assets under management, according to iShares. That means the 21-month-old ETF is already generating more revenue than products that have been trading for 25 years, like the iShares Russell 1000 Growth ETF and the iShares MSCI EAFE ETF. Even without Friday’s data, the inflows for IBIT have already been higher than last week’s, coming in at $2.5 billion compared to $1.8 billion. Analysts have been saying that institutional flows will keep recent market volatility from being too widespread, despite news that President Donald Trump plans to unleash “massive” new tariffs on goods imported from China. The bullish honorific has done little to protect IBIT shares from sliding into the red with most other equities on Friday. Just before the closing bell on Friday, IBIT was trading for $65.85 after having lost 4% on the day. BlackRock CEO Larry Fink foreshadowed exactly the conditions that analysts have been credited with Bitcoin’s recent rise during a Legends Live @Citi appearance in August.…
Filed under: News - @ October 12, 2025 11:15 am