$BTC BlackRock earns more money with its bitcoin ETF than with the S&P 500 one

This milestone marks a growing interest in bitcoin, primarily at the institutional and corporate levels.

BlackRock's bitcoin ETF generates more profits than the S&P 500 ETF. Source: image generated by CriptoNoticias, through Dall-E, from OpenAI.

The key to this difference lies, among other things, in the fee structure of both ETFs.

The interest in bitcoin is also evidenced by direct purchases made by institutions.

The exchange-traded fund (ETF) of bitcoin (BTC) launched and managed by BlackRock, the world's largest asset manager, is generating more revenue than its flagship fund that tracks the S&P 500 index. This is a strong signal of the growing appetite for BTC.

According to data from Bloomberg, the iShares Bitcoin Trust ETF (IBIT) has generated estimated annual revenues of $187.2 million in fees. That figure slightly exceeds the $187.1 million obtained by the iShares Core S&P 500 ETF (IVV), BlackRock's historic fund that tracks the performance of the 500 largest companies in the United States.

The difference is even more striking considering that IBIT manages about $75 billion in assets, while IVV manages nearly nine times more: $624 billion. The key lies, in part, in the fee structure: the bitcoin ETF charges a fee of 0.25%, while the S&P 500 fund charges only 0.03%.

The iShares Bitcoin Trust has attracted net capital inflows in 17 of the last 18 months, indicating sustained demand. Currently, the fund already represents more than 55% of all assets invested in bitcoin ETFs.

This strong performance of the leading bitcoin ETF marks a growing interest in the digital currency. As CriptoNoticias has reported, this is also evidenced by the direct purchases of BTC being made by corporate giants.