BlackRock’s foray into crypto ETFs is paying off handsomely. Its flagship Bitcoin fund, IBIT, has become the firm’s top performer by trading fee revenue, overtaking even its long-established S&P 500 ETF, IVV.
IBIT now brings in an estimated $186 million annually—about $3 million more than IVV.
Launched less than a year ago, IBIT made waves as the fastest-growing ETF in history. Since then, it’s maintained a strong lead in inflows and investor interest, especially during turbulent periods in the broader crypto market.
Despite recent dips in Bitcoin’s volatility, IBIT has continued to see active trading. Interestingly, its price swings have now aligned closely with IVV’s, a far cry from its early days when it was more than five times as volatile.
This decline in volatility has sparked debate among analysts. Some argue that ETFs like IBIT are reshaping Bitcoin’s behavior, potentially dampening the explosive moves that once defined the market. Others note the resilience of BTC’s price since ETF approvals, suggesting institutional capital is stabilizing the asset.
IBIT’s fee dominance is clear, but whether it can reclaim its initial momentum in a quieter market remains to be seen. For now, it stands as a symbol of how Wall Street and crypto are becoming increasingly intertwined.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/blackrocks-bitcoin-etf-now-outpaces-sp-500-fund-in-revenue/