BlackRock’s iShares Bitcoin Trust ETF (IBIT) is approaching $75 billion in managed assets, signaling intense institutional appetite for cryptocurrency exposure through regulated financial products.
The flagship crypto fund’s 0.25% expense ratio translates to approximately $187.2 million in annual fee revenue, underlining its commercial significance despite launching only last year. This positions IBIT as BlackRock’s second major revenue driver behind its colossal $624 billion iShares Core S&P ETF (IVV), which levies a 0.03% management fee.
Notably, both vehicles generate nearly equivalent annual fee income—$187.1 million for IVV versus $187.2 million for IBIT—despite IVV’s eightfold larger asset base. This revenue parity highlights how specialty crypto products command premium pricing among institutional investors, validating the ETF wrapper as a preferred gateway for traditional finance participation in digital assets.