Blackrock’s Ishares Bitcoin Trust (Ibit) Now it is generating more income than one of the most emblematic products of the asset administrator, the Ishares Core S&P 500 ETF (IVV)according to Bloomberg data.
Despite having only $ 52 billion in AUM, a fraction of the $ 624 billion IVV in total assets, the highest Ibit tariff structure has made it a larger money manufacturer for the world’s largest asset manager. Bloomberg estimates that Ibit contributes approximately $ 187.2 million annually through its 0.25%management rate.
In comparison, IVV, which tracks the S&P 500 and has been a basic element in retail and institutional portfolios for years, charges only 0.03%. That means that it generates around $ 187.1 million in annual rates, despite administering approximately nine times more in assets than Ibit.
Ibit was launched in January 2024 as part of an ETF wave of Bitcoin Spot approved by US regulators. Since then, the fund has seen tickets every month, except one, accumulating $ 52 billion in assets to date. That makes it the largest Bitcoin ETF on the market by a wide margin.
The rapid growth of Ibit highlights the continuous demand of regulated investment products in Bitcoin, particularly those offered by financial firms established as Blackrock. For investors, the appeal lies in obtaining Bitcoin exposure without technical obstacles or security risks to keep the asset directly.
Although Ibit’s management rate is higher than more traditional ETFs, it reflects complexity, custody and additional regulatory requirements involved in the offer of exposure to a digital asset such as Bitcoin.
