IBIT Generates More Revenue Than IVV for BlackRock
According to a recent Bloomberg report, BlackRock’s iShares Bitcoin Trust (IBIT) now generates more annual revenue than the iShares Core S&P 500 ETF (IVV), the asset management giant’s benchmark fund.
With a fee ratio of 0.25%, IBIT is projected to earn $187.2 million annually, compared to $187.1 million for IVV despite the latter’s much larger assets under management ($624 billion).
This trend reversal reveals how the premium fee structure of Bitcoin ETFs is proving highly profitable for asset managers. As Nate Geraci, president of NovaDius Wealth Management, explains, “IBIT surpassing IVV in terms of annual revenue reflects both growing investor demand for Bitcoin and the significant fee compression in core equity exposure.”
Institutional Commitment to Bitcoin Strengthens
These results come as BlackRock recently invested $638.5 million in Bitcoin, acquiring 6,088 BTC. This decision demonstrates the asset management giant’s long-term confidence in the digital asset, despite outflows observed during the first day of spot Bitcoin ETF trading.
In fact, IBIT has recorded $52.4 billion in inflows since January, far outpacing competitors like Fidelity. This momentum is part of a broader movement where Bitcoin is gradually transitioning from a speculative asset to a central element of macro-institutional strategies.
In total, IBIT holds more than 50% of the Bitcoin ETF market share. With over $70 billion in AUM (Assets Under Management), compared to $20 billion for Fidelity.
As crypto entrepreneur Anthony Pompliano highlighted, “Bitcoin now has all of Wall Street’s attention.” His colleague Cade O’Neill adds that “institutions are no longer simply curious, they are committed.”
Overall, the growth of the crypto market, combined with Bitcoin’s recent surge to over $108,000, illustrates how the digital asset is gaining legitimacy among institutional investors. With its Bitcoin ETF surpassing its S&P 500 fund in terms of revenue, BlackRock seems to confirm this trend.
Bitcoin is thus establishing itself as a new benchmark in the portfolios of major asset managers, well beyond its speculative dimension. This evolution could permanently transform Bitcoin forever.
