BlackRock’s Bitcoin ETF Outpaces S&P 500 Fund in Fee Revenue

The iShares Bitcoin Trust (IBIT), managed by BlackRock, has generated more fee revenue than the iShares Core S&P 500 ETF (IVV), according to Bloomberg data. With approximately $75 billion in assets under management and an annual expense ratio of 0.25%, IBIT brings in an estimated $187.2 million per year. In contrast, IVV — which holds $624 billion in assets and charges only 0.03% — generates $187.1 million annually.

IBIT has recorded consistent capital inflows in 17 of the past 18 months, attracting $52 billion out of the $54 billion total invested in spot Bitcoin ETFs launched in the U.S. since their approval in January 2024. IBIT currently holds over 55% of the Bitcoin ETF market, quickly becoming one of the most actively traded products in its category.

This development reflects growing investor demand for Bitcoin exposure, both from institutional and retail players, without relying on specialized crypto platforms.