BlackRock's Bitcoin ETF management fee income exceeds S&P 500

Odaily Planet Daily News According to the latest data from Bloomberg, BlackRock's iShares Bitcoin Trust (IBIT) has an estimated annual management fee income of $187.2 million and an asset under management (AUM) of $52 billion. In contrast, its other famous product, iShares Core S&P 500 ETF (IVV), has $624 billion in assets under management, but because the fee rate is only 0.03%, the annual fee income is about $187.1 million, slightly lower than IBIT. Since its launch in January 2024, IBIT has continued to attract money every month and has now become the largest spot Bitcoin ETF in the market. Although the asset size is far less than IVV, the fee rate is as high as 0.25%, which brings higher management fee income. The difference in fees reflects the additional costs of Bitcoin ETFs in supervision, custody and operational complexity. (CoinDesk)