- IBIT generates $186 M fees annually on $75 B crypto AUM with 0.25% expense ratio versus IVV’s $183 M on $609 B.
- IBIT trades at $60.72, down 0.69%, up 10.61% YTD and 73.09% over one year, mirroring recent Bitcoin strength.
BlackRock’s iShares Bitcoin ETF (IBIT) now tops its S&P 500 ETF (IVV) in fee revenue. IBIT brings in about $186 million each year, while IVV earns roughly $183 million.
IBIT launched less than 18 months ago. Yet it already manages close to $75 billion in assets. In contrast, IVV oversees $609 billion. Consequently, IBIT’s 25 basis‑point fee yields more revenue than IVV’s three basis‑point fee.
iShares Bitcoin ETF now generates more fee revenue for BlackRock than its largest ETF, the iShares Core S&P 500 ETF…
IBIT annual revenue = $186mil
IVV annual revenue = $183mil
IBIT w/ nearly $75bil AUM at 25bps.
IVV $609bil at 3bps.
Only took 18 months.
h/t @bespokeinvest
— Nate Geraci (@NateGeraci) June 27, 2025
IBIT’s price follows Bitcoin’s swings, which often exceed those of stock indexes. However, volatility alone does not explain the ETF’s growth. Institutional and retail traders have poured capital into IBIT, seeking exposure to digital gold within a regulated wrapper.
BlackRock executives point out that a Bitcoin ETF opens new client segments
IBIT’s rapid climb shows demand for regulated crypto products. Its fee revenue outpacing IVV marks a clear win for BlackRock’s strategy.
BlackRock’s iShares Bitcoin Trust (IBIT) is trading at $60.72, reflecting a daily decline of 0.69%. Despite short-term volatility, IBIT has posted a 5.64% gain over the last five trading days and is up 10.61% year-to-date, showcasing steady performance aligned with Bitcoin’s recent strength.
Over a one-year period, the ETF has appreciated by 73.09%, significantly outperforming traditional equity indices and solidifying its position as a favored institutional proxy for Bitcoin exposure.
Technically, IBIT is forming a bullish flag pattern, consolidating below the critical $64 resistance zone. The price is currently holding above the 20-day EMA, suggesting a potentially bullish continuation if a breakout occurs.
Volume compression near this resistance level signals accumulation, and traders are closely watching for confirmation through a high-volume breakout, which could initiate a measured move toward Fibonacci extension targets around $66.80–$69.50. Should the pattern fail, downside risk is contained near the $58–$57 support zone.
From a structural standpoint, IBIT offers a physically backed Bitcoin investment vehicle with $74.65 billion in AUM and $34.35 billion in net inflows over the past year. The ETF maintains a 0.25% expense ratio and trades near its net asset value, with a minor 0.08% premium.
Its design allows investors to gain Bitcoin exposure via traditional brokerage accounts while mitigating custody, tax, and liquidity complexities. The ETF’s replication method is physical, tracking the CME CF Bitcoin Reference Rate with passive management.
