BlackRock's Bitcoin ETF annual fee revenue surpasses its S&P 500 ETF flagship product.

According to Gate News bot, Bloomberg reports that BlackRock's iShares Bitcoin Trust (IBIT) has surpassed the annual fee income of its flagship product, the S&P 500 ETF (IVV), even though IBIT's Assets Under Management is only one-ninth of IVV's.

Data shows that as of July 1, IBIT's Assets Under Management reached $75 billion, with annual fee revenue of $187.2 million, surpassing IVV's $187.1 million. Since the approval of the Bitcoin spot ETF in January 2024, IBIT has received a net inflow of $52 billion, accounting for 96% of total inflows in similar products, and currently holds over 55% market share.

With the approval of regulatory agencies and the injection of institutional funds, IBIT has now entered the top 20 ETFs in terms of trading volume in the United States.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)