Blackrock’s place Bitcoin ETF -offer gives more revenue than its S&P 500 Tracker Fund, according to Bloomberg analyst. Ishare’s Bitcoin Trust ETF (Ibit) has taken up inflows in all except one of the last 18 months, an extremely successful offer since its launch in January 2024.
With a cost rate of 0.25%, the fund gives an estimated $ 187.2 million in annual fees, according to Bloomberg. It is higher than the $ 187.1 million made by Blackrock’s Ishares Core S&P 500 ETF (IVV). What is even more shocking about that state is that the Blackrock S&P 500 Fund is almost nine times larger to about $ 624 billion in assets and fees only 0.03%.
Also read: Bitcoin to meet new high soon, says Standard Chartered
Blackrock’s Ibit Bitcoin ETF: A dominant force and offer
Blackrock has seen a huge success with its crypto offers and added another valuable investment option for its customers. $ 10 trillion asset managers is now running a crypt -friendly strategy and looks to be one of Leading economic managers by crypto. In addition, Blackrock’s Bitcoin (BTC) Ibit ETF entered the 20 most traded ETFs this year, and if that trend continues it can enter the top 10 in the coming months. According to Farside Investors, Blackrock bought over $ 930 million in Bitcoin (BTC) last month. The world’s largest asset manager also liquidated $ 260.9 million in the BTC during the same time frame.
Several investment experts have praised Blackrock’s crypto strategy and Ibit Bitcoin ETF. “It is an indication of how much constructed demand there was for investors to get exposure to bitcoin as part of their overall portfolio without having to open a separate account elsewhere,” said Paul Hickey, co -founder of Tailor -made investment group. “It also illustrates the leadership of Bitcoin in the crypto gym where its perceived usability as a value store has mainly left the others in its pond.”
In addition, Bloomberg Intelligence Athanasios Psarophagis suggests that Ibit can help Blackrock surpass State Street as the new liquidity leader in the ETF world. Currently, Blackrock Bitcoin ETF commands about 25% of the ETF trade in dollar volume, just behind State Street 31%.