BlackRock’s Bitcoin ETF Generates $187.2 Million in Annual Fees
BlackRock’s iShares Bitcoin Trust ETF (IBIT) is generating approximately $187.2 million in yearly fees, surpassing the iShares Core S&P 500 ETF (IVV) despite its smaller size. Key points include:
- IBIT attracts significant capital from retail and institutional investors.
- It represents over half of all Bitcoin ETF assets.
- Increased demand is driven by clearer U.S. regulations promoting Bitcoin investments.
- IBIT has a 0.25% expense ratio, outperforming IVV in annual revenue.
- IVV manages nearly nine times more total assets than IBIT.