BlackRock's Bitcoin Spot ETF Revenue Exceeds Its S&P 500 Index Fund

ChainCatcher news, according to Bloomberg, the world's largest asset management company BlackRock's Bitcoin spot ETF IBIT has now become its highest-grossing ETF product, surpassing its flagship S&P 500 index fund.

IBIT currently has an asset management scale of approximately $75 billion, with a fee rate of 0.25%, and is expected to generate annual revenue of $187.2 million. In comparison, the iShares Core S&P 500 ETF (IVV), which has a scale of $624 billion, only charges a fee of 0.03%, with annual revenue slightly lower than IBIT at $187.1 million.