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BlackRock’s Bitcoin ETF ‘Machine’ Outearns Legendary S&P 500 Fund: Details

2025-07-03 05:16:01

BlackRock’s Bitcoin ETF ‘Machine’ Outearns Legendary S&P 500 Fund: Details

Main Idea

The BlackRock iShares Bitcoin Trust (IBIT) has generated more annual fee revenue than BlackRock's flagship S&P 500 ETF, despite being significantly smaller in size, highlighting strong demand for Bitcoin ETFs.

Key Points

1. IBIT generates $187.2 million in annual fees from $75 billion in assets with a 0.25% expense ratio, while IVV makes $187.1 million from $624 billion in assets with a 0.03% expense ratio.

2. IBIT is nearly nine times smaller than IVV but charges over eight times more in fees.

3. Since its launch in January 2024, IBIT has captured $52 billion of the $54 billion in total spot Bitcoin ETF inflows and holds over 55% of all Bitcoin ETF assets.

4. IBIT has seen inflows in 17 of its first 18 months and has had $1.47 billion in inflows over the past fortnight.

5. The SEC has approved Grayscale’s filing to convert its Digital Large-Cap Fund into an ETF.

Description

The BlackRock iShares Bitcoin Trust (IBIT) has achieved a remarkable milestone by generating more annual fee revenue than the firm’s flagship S&P 500 tracker, despite being much smaller in size. The crypto fund generates an estimated $187.2 million in annual fees from its $75 billion in assets with a 0.25% expense ratio. In contrast, the BlackRock iShares Core S&P 500 ETF (IVV) makes $187.1 million from $624 billion in assets and a 0.03% expense ratio, reported Bloomberg on July 2. IBIT is nearl...

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