The iShares Bitcoin Trust ETF (IBIT) has generated more revenue than the larger BlackRock iShares Core S&P 500 ETF (IVV), with annual fees estimated at $187.2 million. IBIT has attracted $52 billion in net inflows since spot Bitcoin ETFs launched in January 2024, acquiring over 55% of Bitcoin ETF assets. The growing popularity of Bitcoin and competitive pricing of spot Bitcoin ETFs indicate a significant shift in investor preferences. The surge of investments into Bitcoin ETFs signals increasing mainstream adoption driven by institutional capital.
"IBIT overtaking IVV in annual fee revenue is reflective of both the surging investor demand for Bitcoin and the significant fee compression in core equity exposure."
"Since spot Bitcoin ETFs started trading in Jan. 2024, IBIT has attracted $52 billion of the combined $54 billion in net inflows, and it holds more than 55% of all Bitcoin ETF assets."
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