<ul data-eligibleForWebStory="false"><li>BlackRock's iShares Bitcoin Trust (IBIT) has surpassed their iShares Core S&P 500 ETF (IVV) in annual revenue, marking a significant milestone in institutional adoption of Bitcoin.</li><li>Despite being smaller in asset size, IBIT generates more revenue due to its higher fee structure and capital inflows, managing $75 billion in assets compared to IVV's $624 billion.</li><li>The growth of IBIT is attributed to the approval of spot ETFs in January 2024, attracting institutional capital and prompting market commentators to recognize Bitcoin's increasing presence on Wall Street.</li><li>BlackRock's revenue from IBIT is directly tied to the price of Bitcoin, with each appreciation potentially doubling the revenue, showing the firm's alignment with Bitcoin's success.</li></ul>

BlackRock Wants Bitcoin Higher—IBIT Now Out-Earns Their S&P 500 Fund

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