BlackRock’s Bitcoin ETF Leads Revenue Rankings as Coinbase Expands New York Staking Services

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has emerged as the highest-grossing ETF launch in history, generating unprecedented fee revenue within its inaugural trading period. The iShares Bitcoin Trust (IBIT) accumulated over $3 billion in assets under management within weeks, reflecting institutional investors’ robust demand for regulated cryptocurrency exposure. This milestone coincides with Coinbase’s strategic expansion into New York’s digital asset staking market, securing regulatory approval to offer Ethereum staking services to residents through its Coinbase Earn platform. The development marks a significant regulatory advancement for staking services in tightly governed jurisdictions. Simultaneously, S&P Global has launched a novel cryptocurrency index series designed to track both spot and futures market performance. The S&P Cryptocurrency Broad Digital Market Index incorporates multiple established digital assets, providing institutional investors with comprehensive benchmarks for portfolio diversification and risk assessment. These developments collectively signal accelerating institutional adoption of digital assets, with traditional finance giants and crypto-native firms advancing regulated product offerings amid evolving regulatory landscapes.