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TechFlow, July 2 — According to Bitcoin News, BlackRock's iShares Bitcoin ETF (IBIT) is now generating more annual fee revenue than its flagship S&P 500 ETF (IVV).
Data shows that IBIT brings in $186 million in annual revenue for BlackRock, surpassing IVV's $183 million. Notably, IBIT has been live for only 18 months with assets under management (AUM) of $75 billion, significantly lower than IVV's $609 billion AUM.
According to Bitcoin News, BlackRock's iShares Bitcoin ETF (IBIT) is now generating more annual fee revenue than its flagship S&P 500 ETF (IVV). Data shows that IBIT brings in $186 million annually for BlackRock, surpassing IVV's $183 million. Notably, IBIT has been launched for only 18 months and has $75 billion in assets under management (AUM), significantly lower than IVV's $609 billion AUM.
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