
BlackRock Bitcoin ETF | More Fees Than S&P 500 Fund
In a big sign of changing investor sentiment, BlackRock’s Bitcoin ETF is now making more money in annual fees than the company’s S&P 500 fund. According to Bloomberg, the iShares Bitcoin Trust (IBIT), which launched in January 2024, has become a revenue machine for the world’s largest asset manager. Despite having far fewer assets than…