BlackRock’s breakout offering overtakes flagship S&P 500 fund in revenue
BlackRock’s breakout offering overtakes flagship S&P 500 fund in revenue originally appeared on TheStreet.
Wall Street giant BlackRock, Inc. (NYSE: BLK) is now generating more in revenue from its spot Bitcoin exchange-traded fund (ETF) than its signature S&P 500 fund offering, Bloomberg reported on July 2.
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Learn More Powered by Money.com - Yahoo may earn commission from the links above.BlackRock is the world's largest asset manager that managed $11.5 trillion in assets under management (AUM) as of 2024. It is among the first institutional giants to introduce crypto-linked funds in the traditional markets.
The asset manager launched the iShares Bitcoin Trust (IBIT), its spot Bitcoin ETF, in January 2024 once the Securities and Exchange Commission (SEC) greenlit it.
IBIT managed more than $75 billion in net assets as of July 2 as per SoSoValue. It is the largest spot BTC fund in the world and accounts for 3.52% of total Bitcoin share.
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As per the Bloomberg report, IBIT has witnessed an astonishing fund inflow from both institutional and retail investors. Since its launch in January 2024, the fund has seen a positive net flow for all 18 months except one.
With an expense ratio of 0.25%, the BTC ETF has generated an estimated $187.2 million in annual fees for BlackRock, as per Bloomberg's calculations as of July 1.
In contrast, BlackRock’s iShares Core S&P 500 ETF (IVV) generated an estimated annual fees of $187.1 million.
Launched in 2000, IVV manages $624 billion in net assets — 8.3 times that of its Bitcoin counterpart. However, its expense ratio is only 0.03% — also 8.3 times lower.
Crypto entrepreneur and podcast host Anthony Pompliano underlined on X that Wall Street is paying full attention to Bitcoin.
As per Kraken's price feed, Bitcoin was trading at $109,131.76, up 1.7% a day.
BlackRock’s breakout offering overtakes flagship S&P 500 fund in revenue first appeared on TheStreet on Jul 3, 2025
This story was originally reported by TheStreet on Jul 3, 2025, where it first appeared.
"BlackRock's breakthrough offering surpassing its iconic S&P 50
fund in revenue illustrates the strong demand for diversified, actively managed investment solutions amidst increasingly volatile market conditions."
BlackRock's innovative breakout offering surpasses its flagship S&P 50 masked myM amph;ampt fund in revenue, marking a significant shift towards the company’s agility and willingness to experiment with new products.
BlackRock's surprise launch, which has completely outstripped the revenue collected by its flagship SP&P 500 fund in a remarkable turn of events for investors and industry observers alike.
"BlackRock's recent standalone offering surpasses its iconic S&P 50来确定句自 Mexico Disclosures
BlackRock's surprise breakout product catapults past its stalwart S&P 500 fund in terms of revenue, illustrating the power and appeal shift towards innovative investment strategies within one of Wall Street’ s most prominent players.
"BlackRock's unexpected surge, as seen through its breakout offering that surpasses the flagship S&P 50
fund in revenue generation—fueled by investor confidence and clever asset allocation strategies."
恭喜黑石（BlackRock）的突破性产品单在营收方面超越了其旗舰标普50 Goldfund！这证明了创新与差异性策略的市场潜力，同时也彰显出投资者对非传统投资选择的不断增长兴趣，期望这一成果能为行业带来新的风向和动力, 促使更多资管公司探索多元化的资产配置以吸引并保持市场份额.
"BlackRock's innovative breakout offering has surpassed its iconic S&P 50
fund in revenue, indicating a paradigm shift towards more dynamic and customized investment strategies among investors."
BlackRock's new breakthrough offering has surpassed its iconic S&P 500 fund in earned revenue, illustrating a clear shift toward the company’s innovative strategies and increased client demand for non-traditional investments.
