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📅 July 3, 7:00 – July 9,
The annual fee income generated by the BlackRock Bitcoin ETF has surpassed that of its flagship product, the S&P 500 Index ETF.
PANews reported on July 2 that the iShares Bitcoin ETF "IBIT" under BlackRock has currently generated annual management fee revenue surpassing that of its flagship product, the S&P 500 Index ETF "IVV". Although IBIT has only been established for 18 months and its Assets Under Management (AUM) is much smaller than that of IVV (75 billion USD vs 609 billion USD), its annual management fee revenue has reached 186 million USD, exceeding IVV's 183 million USD.