BlackRock's BTC ETF now surpasses its $624 billion S&P 500 fund

• Although it only holds $74 billion in assets, BlackRock's Bitcoin ETF (IBIT) has already generated $187.2 million in fees this year.

• This exceeds the $187.1 million earned by its $624 billion iShares S&P 500 ETF.

• The reason? The BTC ETF's fees are 8 times higher per dollar managed.

Larry Fink's push for "new types of assets" was not just a vision; it opened a much more profitable revenue source.#bitcoin $BTC