Deep Tide TechFlow News, on July 3rd, according to Bloomberg, BlackRock's iShares Bitcoin Trust ETF (IBIT), the world's largest asset management company, has now become the highest revenue-generating ETF product for the company, surpassing its flagship S&P 500 index tracking fund.

IBIT currently manages approximately $75 billion in assets, with a fee rate of 0.25%, expected annual revenue reaching $187.2 million. In comparison, the iShares Core S&P 500 ETF (IVV), with a scale of $624 billion, although nearly 9 times the asset size of IBIT, has an annual revenue slightly lower than IBIT at $187.1 million due to its lower fee rate of just 0.03%.