The annual fee income generated by the BlackRock Bitcoin ETF has surpassed that of its flagship product, the S&P 500 Index ETF.

PANews reported on July 2 that the iShares Bitcoin ETF "IBIT" under BlackRock has currently generated annual management fee revenue surpassing that of its flagship product, the S&P 500 Index ETF "IVV". Although IBIT has only been established for 18 months and its Assets Under Management (AUM) is much smaller than that of IVV (75 billion USD vs 609 billion USD), its annual management fee revenue has reached 186 million USD, exceeding IVV's 183 million USD.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)