BlackRock Chairman targets $500M annual revenue from crypto within 5 years

BlackRock Chairman Larry Fink expects the company's cryptocurrency division to generate around $500 million in annual revenue within the next five years, he stated in his 2026 shareholder letter, Forbes reported. Currently, BlackRock manages approximately 800,000 BTC, valued at about $55 billion, on behalf of its clients through the iShares Bitcoin Trust (IBIT) ETF. This activity yields around $250 million in annual management fee revenue.