BlackRock’s Bitcoin ETF Now Makes More Money Than Its $630B S&P 500 Fund

BlackRock runs two big ETFs:

IVV (S&P 500 ETF)
- Manages: $630 billion (AUM)
- Fee: 0.03% (tiny)
- Revenue: ~$189 million/year

IBIT (Bitcoin ETF)
- Manages: just shy of $80 billion
- Fee: 0.25% (much higher)
- Revenue: $200+ million/year

Even with a fraction of the assets, IBIT now earns more revenue than IVV — simply because its fees are higher.