According to @rovercrc, BlackRock's iShares Bitcoin Trust (IBIT) is now generating more annual revenue than its flagship iShares Core S&P 500 ETF (IVV), based on Bloomberg data. Despite managing only $52 billion in assets compared to IVV's $624 billion, IBIT's higher 0.25% management fee results in an estimated $187.2 million in annual revenue, slightly edging out IVV's $187.1 million generated from a 0.03% fee. This revenue milestone highlights significant and sustained institutional demand for regulated Bitcoin (BTC) investment products since IBIT's launch in January 2024. The fund's rapid growth to become the largest spot Bitcoin ETF underscores investor willingness to pay higher fees for secure, direct exposure to BTC through established financial firms.

According to @rovercrc, BlackRock's iShares Bitcoin Trust (IBIT) is now generating more annual revenue than its flagship iShares Core S&P 500 ETF (IVV), based on Bloomberg data. Despite managing significantly fewer assets ($52 billion for IBIT versus $624 billion for IVV), IBIT's 0.25% management fee results in an estimated $187.2 million in annual revenue. This slightly edges out IVV's $187.1 million, which is generated from a much lower 0.03% fee. The rapid accumulation of assets since its January 2024 launch has made IBIT the largest spot Bitcoin ETF, signaling sustained and robust investor demand for regulated Bitcoin (BTC) exposure through established financial products.