Express
BlackRock's IBIT Annual Fee Revenue Surpasses its S&P 500 ETF
Summary: According to reports, BlackRock's iShares Bitcoin Trust ETF (ticker: IBIT) with assets of around $75 billion has attracted significant funds from institutional and retail investors, with inflows in all but one month over the past 18 months. Based on Bloomberg's rough estimate as of July 1st, the fund's expense ratio is 0.25%, with an estimated ...
According to reports, BlackRock's iShares Bitcoin Trust ETF (ticker: IBIT) with assets of around $75 billion has attracted significant funds from institutional and retail investors, with inflows in all but one month over the past 18 months. Based on Bloomberg's rough estimate as of July 1st, the fund's expense ratio is 0.25%, with an estimated annual fee revenue of $1.872 billion. This figure slightly exceeds BlackRock's iShares Core S&P 500 ETF (IVV) revenue of $1.871 billion, which is nearly nine times the size of IBIT with assets of around $624 billion and an expense ratio of only 0.03%.
