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Bitcoin ETF Blitz: BlackRock’s IBIT Tops S&P 500 Giant in Fee Take

  • BlackRock's Bitcoin ETF (IBIT) is now earning more than its massive S&P 500 fund, showcasing the growing institutional demand for cryptocurrencies in a short span of time.
  • IBIT has garnered $52 billion out of the $54 billion in net spot Bitcoin ETF inflows since SEC approval, holding a majority share in the segment's assets and ranking among the top 20 in US ETF volume.
  • Nate Geraci notes that IBIT's fees demonstrate investors' willingness to pay for high-conviction crypto investments amidst decreasing passive equity fees.
  • The relentless inflows into IBIT have not only made it the largest Bitcoin ETF but have also contributed to Bitcoin reaching new highs as major institutions validate direct holdings.

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