BlackRock’s iShares Bitcoin Trust (IBIT) has generated higher annual fee revenue than its established iShares Core S&P 500 ETF (IVV), underscoring Bitcoin’s deepening institutional presence.
The IBIT, which manages approximately $75 billion in assets, charges a 0.25% expense ratio, translating to approximately $187.2 million in annual fees. In contrast, the much larger IVV, with $624 billion in assets under management, charges a significantly lower fee of 0.03%.
This fee revenue milestone spotlights IBIT’s rapid ascent within BlackRock’s product lineup. The fund leads US spot Bitcoin ETFs with a record $52.4 billion in cumulative inflows since its inception.
Industry commentators like Anthony Pompliano and Ben Pham point to IBIT’s revenue achievement as evidence of Bitcoin’s expanding institutional acceptance and its potential to shift traditional finance paradigms. On the reporting day, IBIT’s share price closed at $62.41, reflecting a daily gain of 4.31%. IVV experienced a more modest 0.44% increase.
IBIT’s performance contributed to a positive trend for Bitcoin, with the cryptocurrency’s price appreciating 2.37% over the preceding month.