Blackrock’s ishares bitcoin trust (Go) now develops more income than one of the most -iconic asset manager products, ishares Core S&P 500 ETF (IVV), According to Bloomberg Data.
Despite having just $ 52 billion in AUM – a fraction of $ 624 billion IVV in total possession – the higher Ibit structure has become a larger moneymaker for the world’s largest manager. Bloomberg estimates that Ibit is carrying about $ 187.2 million annually by 0.25% management fee.
By comparison, the IVV, which has been tracking the S&P 500 and has been staple at retail and institutional portfolios for years, charges only 0.03%. This means that it makes up about $ 187.1 million on the annual fees, despite the management of nearly nine times more than owners than Ibit.
IBIT was launched in January 2024 as part of a wave of Bitcoin ETF area approved by US regulators. Since then, the fund has seen flows every month except for one, which has gained $ 52 billion in property to the present. It makes the largest Bitcoin ETF spot on the market through a wide margin.
Ibit’s rapid growth features ongoing demand for regulated investment products in Bitcoin, especially those offered by established financial companies such as Blackrock. For investors, the appeal lies in the presence of exposure to Bitcoin without technical barriers or security risks that directly hold the owner.
While the Ibit management fee is higher than the more traditional ETFs, it shows the added complexity, precautionary and regulatory requirements involved in offering exposure to a digital asset such as Bitcoin.
