BLACKROCK'S BITCOIN ETF GENERATES MORE REVENUE THAN S&P 500 FUND

Summary from the TLDR Crypto newsletter

BlackRock's iShares Bitcoin Trust generated an estimated $187.2 million in annual fees on $52 billion AUM at a 0.25% management fee, narrowly outpacing the $187.1 million earned by its flagship iShares Core S&P 500 ETF (IVV) despite IVV's $624 billion AUM and 0.03% fee. Launched in January 2024, IBIT has recorded net inflows every month except one, making it the largest spot bitcoin ETF. The fund's higher fee reflects the added complexity of custody, regulatory compliance, and infrastructure required for bitcoin exposure.