The iShares Bitcoin Trust (IBIT) continues to attract attention from investors, surpassing the more established S&P 500 ETF in terms of revenue.
iShares Bitcoin Trust Revenue
According to Bloomberg, the iShares Bitcoin Trust now earns an estimated $187.2 million in annual fees, edging out the $187.1 million generated by the iShares Core S&P 500 ETF, despite the latter managing nearly nine times more in assets.
Fund Analysis and Competitors
The key difference lies in the expense ratios: IBIT charges 0.25%, while IVV comes in at just 0.03%. Since its launch alongside a wave of U.S.-listed Bitcoin ETFs early last year, IBIT has surged to over $70 billion in assets under management.
The Role of Bitcoin ETFs in the Market
Nate Geraci, president of NovaDius Wealth Management, noted that IBIT’s revenue dominance highlights a major shift: 'Investors are willing to pay more for exposure they see as unique and valuable.'
With the rise of Bitcoin ETFs backed by major players like BlackRock and Fidelity, interest in this asset class continues to grow, potentially influencing overall market trends.
