PANews reported on July 2 that according to Bitcoin News, the annual management fee income generated by BlackRock's iShares Bitcoin ETF "IBIT" has surpassed its flagship product S&P 500 IndexPANews reported on July 2 that according to Bitcoin News, the annual management fee income generated by BlackRock's iShares Bitcoin ETF "IBIT" has surpassed its flagship product S&P 500 Index
BlackRock's Bitcoin ETF generates more annual fee income than its flagship S&P 500 ETF
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PANews reported on July 2 that according to Bitcoin News, the annual management fee income generated by BlackRock's iShares Bitcoin ETF "IBIT" has surpassed its flagship product S&P 500 Index ETF "IVV". Although IBIT was established only 18 months ago and its asset management scale (AUM) is much smaller than IVV (US$75 billion vs US$609 billion), its annual management fee income is US$186 million, which has exceeded IVV's US$183 million.
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