BlackRock’s Bitcoin ETF Generating More Revenue Than Its Flagship S&P 500 Fund
BlackRock’s iShares Bitcoin Trust (IBIT) is now generating more revenue than one of the asset manager’s most iconic products, the iShares Core S&P 500 ETF (IVV), according to Bloomberg data.
Despite having just $52 billion in AUM — a fraction of IVV’s $624 billion in total assets — IBIT’s higher fee structure has turned it into a bigger moneymaker for the world’s largest asset manager. Bloomberg estimates that IBIT brings in roughly $187.2 million annually through its 0.25% management fee.
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Learn More Powered by Money.com - Yahoo may earn commission from the links above.By comparison, IVV, which tracks the S&P 500 and has been a staple in retail and institutional portfolios for years, charges just 0.03%. That means it generates around $187.1 million in annual fees, despite managing roughly nine times more in assets than IBIT.
IBIT launched in January 2024 as part of a wave of spot bitcoin ETFs approved by U.S. regulators. Since then, the fund has seen inflows every month except one, amassing $52 billion in assets to date. That makes it the largest spot bitcoin ETF on the market by a wide margin.
The rapid growth of IBIT highlights the ongoing demand for regulated bitcoin investment products, particularly those offered by established financial firms like BlackRock. For investors, the appeal lies in gaining exposure to bitcoin without the technical hurdles or security risks of holding the asset directly.
While IBIT’s management fee is higher than more traditional ETFs, it reflects the added complexity, custody and regulatory requirements involved in offering exposure to a digital asset like bitcoin.
BlackRock's Bitcoin ETF out-earning its iconic S&P 50 Po Monku governance congressional pro is a testament to the evolving investment landscape and investors repositioning towards asset classes with higher potential for growth.
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The explosive growth of BlackRock's Bitcoin ETF demonstrates the shift in investor sentiment towards digital assets, outpacing even its highly revered S&P 500 fund which has long been a beacon for traditional market investments.
