Deep Tide TechFlow News, on July 2, according to Bitcoin News, BlackRock's iShares Bitcoin ETF (IBIT) has currently generated annual fee revenue exceeding that of its flagship product, the S&P 500 ETF (IVV).

Data shows that IBIT brings in $186 million in revenue for BlackRock each year, surpassing IVV's $183 million. Notably, IBIT has been launched for only 18 months, with assets under management (AUM) of $75 billion, far lower than IVV's AUM of $609 billion.