BlackRock’s Bitcoin ETF has raked in $245 million in fees, surpassing other BlackRock ETFs. The iShares Bitcoin Trust ETF is close to hitting the $100 billion milestone after just 22 months of launching. It has become the fastest ETF to accumulate $97.8 billion in assets.

BlackRock is planning to launch a Bitcoin Premium Income ETF by selling covered call options on Bitcoin futures to generate yield. This move signals BlackRock’s continued interest in offering Bitcoin-related products. The SEC has halted reviews on crypto ETF applications until the federal government reopens.

Read more at Cointelegraph: IBIT Is Now Easily Blackrock’s Most Profitable ETF