BlackRock’s Bitcoin ETF Is Printing Money — And Why an XRP ETF Now Looks Inevitable
The numbers coming out of BlackRock right now are honestly wild. Their Bitcoin ETF isn’t just performing well… it’s becoming one of the most profitable products BlackRock has ever launched. And when you see how much cash it’s generating, the path toward an XRP ETF becomes painfully obvious.
Bitcoin ETFs Are Now BlackRock’s Top Revenue Source
Here’s the tweet that lit the internet up:
💥 JUST IN: Bitcoin ETFs are now BlackRock’s top source of revenue
• $245 million in annual fees generated by IBIT by October 2025
• Fastest-growing ETF in history
• Now holds 3% of total Bitcoin supply pic.twitter.com/ucoa5yWA4t— Bitcoin Archive (@BitcoinArchive)
November 29, 2025
BlackRock has made $245 million in annual fees from IBIT alone — by October. That makes it the company’s #1 revenue-generating ETF and the fastest-growing ETF in history.
Oh, and one more thing: IBIT now controls 3% of the entire Bitcoin supply.
When a product makes this much money, Wall Street doesn’t ask “should we launch another one?” — they ask “what’s the next asset we can monetize?”
There Is No Reality Where They Don’t Launch an XRP ETF
The moment Bitcoin ETFs proved they’re a cash printer, every major institution began eyeing the next big, liquid, institution-friendly asset. That list is tiny, and XRP sits right at the top.
BlackRock, Fidelity, 21Shares — they all want first mover advantage. And with XRP now receiving regulatory clarity, deep liquidity, growing global adoption, and booming institutional interest, the ETF path is practically paved.
They’re not going to leave billions of dollars in fees on the table. It’s just not how Wall Street works.
Massive AccountSet Activity on the XRP Ledger — Something Big Is Brewing
At the same time as ETF conversations heating up, we’re seeing an explosion of AccountSet transactions on the XRP Ledger — even after BitGo stopped their bulk configuration.
Why does this matter?
- AccountSet TXs aren’t normal user activity. Everyday holders don’t create thousands of configured wallets.
- This is almost always done by custodians, exchanges, institutions, or ETF infrastructure teams.
- It signals that someone is setting up a large batch of wallets for custody, settlement, key rotation, or institutional onboarding.
In other words — preparation. Big preparation.
Whether this ties to custody, ETF infrastructure, or onboarding new large clients, the pattern is the same: Someone is gearing up for high-volume XRP activity.
CoinShares Just Dropped Out of the XRP ETF Race — Here’s the Real Reason
CoinShares quietly stepping away from their XRP ETF plans shocked people, but let’s call it what it is:
They tapped out because they know they can’t compete.
CoinShares is a mid-tier player. They’re solid, respected, but they’re not BlackRock… and they’re not Fidelity. They don’t have the capital, the market muscle, or the political reach to go head-to-head with giants.
So instead of wasting money fighting an unwinnable battle, they stepped aside — because they see who’s coming.
You can read the full breakdown here:
CoinShares Exits XRP ETF Competition — Here’s What Really Happened
When mid-tiers exit a market before the big boys enter… that usually means the big boys already made their move behind closed doors.
Final Thought: Bitcoin ETF Revenue Just Lit the Fuse
If BlackRock is printing hundreds of millions off Bitcoin ETFs, you can imagine the internal conversations happening right now:
“What’s the next asset with regulatory clarity, liquidity, global demand, and a clear institutional use case?”
The answer is XRP — every single time.
Institutional wallet activity is spiking. Mid-tier competitors are backing out. And ETF giants are circling.
The writing isn’t just on the wall… it’s basically carved into it.
