BlackRock’s spot Bitcoin ETF IBIT has surpassed the revenue of BlackRock's S&P 500 ETF IVV, despite being smaller in terms of assets under management.
IBIT's higher expense ratio of 0.25% has propelled it ahead of IVV, which charges a nominal 0.03% fee, indicating increased institutional demand for regulated Bitcoin exposure.
IBIT is expected to generate over $187 million in annual fees, reflecting surging investor demand for Bitcoin and significant fee compression in core equity exposure.
Standard Chartered predicts Bitcoin to reach $135,000 by late 2025, potentially further increasing the appeal of spot Bitcoin ETFs like IBIT.