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BlackRock Bitcoin ETF Drives More Revenue than Its S&P 500 Fund

  • BlackRock's iShares Bitcoin Trust ETF surpassed its flagship S&P 500 fund in annual trading fee revenue as of late June 2025.
  • This milestone follows strong institutional and retail inflows driven by rising demand for regulated Bitcoin exposure and fee compression in traditional equity ETFs.
  • IBIT manages close to $70 billion in assets and charges investors a fee of 0.25%, resulting in approximately $187.2 million in annual revenue. This surpasses the $187.1 million generated by IVV, which holds much larger assets but imposes a significantly lower fee.
  • Nate Geraci noted this reflects investor willingness to pay for Bitcoin exposure, while Larry Fink called Bitcoin "digital gold" and a "global asset" meeting client demand for transparency and regulation.
  • This revenue shift signals a strategic repositioning of investment portfolios toward cryptocurrency products, potentially influencing broader market trends and regulatory views.
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Bloomberg broke the news in United States on Wednesday, July 2, 2025.
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