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BlackRock’s Bitcoin ETF Generating More Revenue Than Its Flagship S&P 500 Fund
The iShares Bitcoin ETF (IBIT) has a higher fee structure, allowing it to outpace the S&P 500 fund (IVV) despite not having anywhere near as much in assets under management.
Updated Jul 2, 2025, 7:54 p.m. Published Jul 2, 2025, 5:29 p.m.
What to know:
- BlackRock’s iShares Bitcoin Trust (IBIT) is now generating an estimated $187.2 million in annual fees with $52 billion in AUM, according to Bloomberg.
- The fund giant's iShares Core S&P 500 ETF (IVV) brings in slightly less despite holding a whopping $624 billion in AUM.
BlackRock’s iShares Bitcoin Trust (IBIT) is now generating more revenue than one of the asset manager’s most iconic products, the iShares Core S&P 500 ETF (IVV), according to Bloomberg data.
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Despite having just $52 billion in AUM — a fraction of IVV’s $624 billion in total assets — IBIT’s higher fee structure has turned it into a bigger moneymaker for the world’s largest asset manager. Bloomberg estimates that IBIT brings in roughly $187.2 million annually through its 0.25% management fee.
By comparison, IVV, which tracks the S&P 500 and has been a staple in retail and institutional portfolios for years, charges just 0.03%. That means it generates around $187.1 million in annual fees, despite managing roughly nine times more in assets than IBIT.
IBIT launched in January 2024 as part of a wave of spot bitcoin ETFs approved by U.S. regulators. Since then, the fund has seen inflows every month except one, amassing $52 billion in assets to date. That makes it the largest spot bitcoin ETF on the market by a wide margin.
The rapid growth of IBIT highlights the ongoing demand for regulated bitcoin investment products, particularly those offered by established financial firms like BlackRock. For investors, the appeal lies in gaining exposure to bitcoin without the technical hurdles or security risks of holding the asset directly.
While IBIT’s management fee is higher than more traditional ETFs, it reflects the added complexity, custody and regulatory requirements involved in offering exposure to a digital asset like bitcoin.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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