The iShares Bitcoin Trust (IBIT) now earns an estimated $187.2 million in annual fees, surpassing the $187.1 million generated by BlackRock’s iShares Core S&P 500 ETF (IVV), despite IVV holding much more in assets at $624 billion.
IBIT charges a 0.25% expense ratio, while IVV's expense ratio is lower at just 0.03%.
IBIT has grown to over $70 billion in assets under management since its launch, making it the top-performing spot BTC fund by AUM.
The rise of Bitcoin ETFs, including those from major Wall Street players like BlackRock and Fidelity, has contributed to Bitcoin's price reaching new highs.