The Bitcoin (ETF) Stock Quotation Background (BTC), launched and managed by BlackRock, the world’s largest asset manager, generates more revenue than the iconic bottom that follows the S&P 500 Index. This is a powerful signal of appetite growth due to BTC.
According to Bloomberg data, iShares Bitcoin TrustETF (IBIT) It generates an estimated revenue of $187.2 million per year due to fees. That figure exceeds 187.1 million, obtained by the Ishares Core S&P 500 ETF (IVV), a historic BlackRock fund that tracks the performance of 500 leading US companies.
If IBIT is thought to manage assets of around USD 750 million, the difference is even more impressive when IVV is managed almost nine times, and if it manages USD 624,000 million. The important part is the structure of the committee.: Bitcoin ETF charges a rate of 0.25%, while S&P 500 bottom is just 0.03%.
Ishares Bitcoin Trust has won Net Capital tickets in 17 of the last 18 months. This indicates sustained demand. Currently, the fund represents more than 55% of all assets already invested in Bitcoin ETFs.
This good performance of the main ETF of Bitcoin It marks the growing interest in digital currency. As Cryptootics reports, this is also proven by direct purchases of BTC, which makes the corporate giant.
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