Summary
- It is reported that BlackRock's Bitcoin spot ETF has generated more returns than its own S&P 500 ETF.
- IBIT's expense ratio is high at 0.25%, resulting in approximately $187.2 million in annual profits.
- IBIT has surpassed $70 billion in assets under management (AUM), growing to become the largest ETF tracking the price of Bitcoin.
BlackRock's Bitcoin (BTC) spot exchange-traded fund (ETF) has been shown to generate higher returns than the company's S&P 500 ETF.
On the 2nd (local time), Bloomberg reported that BlackRock's IBIT has outperformed the S&P 500 ETF in terms of returns thanks to its high expense ratio. IBIT's expense ratio is 0.25%, resulting in approximately $187.2 million in annual profits.
This slightly exceeds the annual profit ($187.1 million) of BlackRock's S&P 500 ETF (IVV), which has assets under management (AUM) of around $624 billion. The expense ratio for IVV is only 0.03%.
Meanwhile, IBIT, which started trading early last year, has now grown to become the largest ETF tracking the price of Bitcoin, with assets under management (AUM) surpassing $70 billion.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
