IBIT Becomes BlackRock’s Biggest ETF by Fee Revenues

IBIT, BlackRock’s Bitcoin ETF, is now the company’s best product in this asset category by fee revenue. It generates $186 million in fees per year, surpassing IVV, an ETF based on the S&P 500, by $3 million. Still, IBIT and IVV are similar in another way, as the BTC ETF is almost as volatile as the S&P 500. IBIT’s volatility has cratered alongside Bitcoin, raising concerns about the possibility of future breakout crypto successes source: https://beincrypto.com/ibit-blackrock-bitcoin-etf-fee-revenues-record/