On July 2, 2025, BlackRock's iShares Bitcoin Trust (IBIT) surpassed its iShares Core S&P 500 ETF (IVV) in annual fee revenue, a significant milestone in the cryptocurrency investment landscape. IBIT, with over $70 billion in assets under management (AUM), generates approximately $187.2 million in annual fees, while IVV generates about $187.1 million. (Source: Reuters, July 2, 2025)
Launched in early 2024, IBIT quickly became the largest Bitcoin ETF, reaching $50 billion in AUM within 11 months and $70 billion by June 2025. This rapid growth underscores the increasing investor demand for Bitcoin exposure. The expense ratio for IBIT is 0.25%, compared to IVV's 0.03%. (Source: Reuters, July 2, 2025)
This trend reflects the growing institutional interest in Bitcoin, with the approval of spot Bitcoin ETFs providing accessible avenues for investors. As of July 2, 2025, Bitcoin is trading at approximately $109,507.12. This shift highlights the integration of digital assets into mainstream investment portfolios. (Source: Reuters, July 2, 2025)