BlackRock’s flagship Bitcoin ETF is generating more annual revenue than its massive S&P 500 fund, marking a symbolic shift in investor appetite and the growing role of crypto in mainstream portfolios.
According to Bloomberg, the iShares Bitcoin Trust (IBIT) now earns an estimated $187.2 million in annual fees—just edging out the $187.1 million generated by BlackRock’s iShares Core S&P 500 ETF (IVV), despite the latter holding nearly nine times more in assets at $624 billion. The key difference lies in the expense ratios: IBIT charges 0.25%, while IVV comes in at just 0.03%.
Since its launch alongside a wave of U.S.-listed Bitcoin ETFs early last year, IBIT has surged to over $70 billion in assets under management, making it the top-performing spot BTC fund by AUM.
Nate Geraci, president of NovaDius Wealth Management, noted that IBIT’s revenue dominance highlights a major shift: “Investors are willing to pay more for exposure they see as unique and valuable.”
The rise of Bitcoin ETFs—backed by major Wall Street players like BlackRock and Fidelity—has helped push Bitcoin’s price to new highs. At press time, BTC was trading around $109,500.
Fidelity’s spot Bitcoin fund holds about $32 billion, putting it in second place behind IBIT. While BlackRock also offers an Ethereum ETF, it trails far behind the explosive growth of its Bitcoin counterpart.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.