Bitcoin ETF Outshines S&P 500 Fund in Revenue for BlackRock

BlackRock’s iShares Bitcoin Trust ETF (IBIT) is making more money than its well-known iShares Core S&P 500 ETF (IVV), bringing in about $187.2 million in yearly fees . Despite being much smaller in size, IBIT is outperforming thanks to high demand from both retail and institutional investors. Over the past 18 months, IBIT has consistently attracted new capital and now makes up over half of all Bitcoin ETF assets . The rising interest is partly due to clearer regulations in the U.S., which has encouraged major financial players to invest in Bitcoin instead of smaller cryptocurrencies. With a 0.25% expense ratio, IBIT has slightly edged out IVV in annual revenue, even though IVV holds nearly nine times more in total assets.