TechFlow, July 3 — According to Bloomberg, iShares Bitcoin Trust ETF (IBIT), an exchange-traded fund operated by BlackRock, the world's largest asset manager, has become the company's highest-earning ETF, surpassing its flagship S&P 500 tracker fund.
IBIT currently manages approximately $75 billion in assets with a fee rate of 0.25%, generating an estimated annual revenue of $187.2 million. In comparison, the iShares Core S&P 500 ETF (IVV), which manages $624 billion—nearly nine times the size of IBIT—earns slightly less at $187.1 million annually due to its lower expense ratio of just 0.03%.
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