BlackRock’s Bitcoin ETF Becomes Top Revenue Driver, Surpasses S&P 500 Fund - Fintech Schweiz Digital Finance News - FintechNewsCH
BlackRock’s bitcoin exchange-traded fund (ETF) is becoming a major revenue generator for the asset manager. According to Bloomberg, the roughly US$75 billion iShares Bitcoin Trust ETF (IBIT) earns an estimated US$187.2 million in annual fees at a 0.25% expense ratio, surpassing the US$187.1 million from the firm’s core iShares S&P 500 ETF (IVV). IBIT is now the third highest revenue-generating ETF for BlackRock across nearly 1,200 funds, says Er…
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BlackRock’s Bitcoin ETF Becomes Top Revenue Driver, Surpasses S&P 500 Fund - Fintech Schweiz Digital Finance News - FintechNewsCH
BlackRock’s bitcoin exchange-traded fund (ETF) is becoming a major revenue generator for the asset manager. According to Bloomberg, the roughly US$75 billion iShares Bitcoin Trust ETF (IBIT) earns an estimated US$187.2 million in annual fees at a 0.25% expense ratio, surpassing the US$187.1 million from the firm’s core iShares S&P 500 ETF (IVV). IBIT is now the third highest revenue-generating ETF for BlackRock across nearly 1,200 funds, says Er…
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