BlackRock’s iShares Bitcoin ETF (IBIT) has outperformed the iShares Core S&P 500 ETF (IVV) with an annual revenue of $186 million. Interest in spot Bitcoin ETFs continues to grow rapidly with increasing institutional demand.
BlackRock IBIT ETF Surpasses IVV in Revenue
In just 18 months, the IBIT ETF has become BlackRock’s highest-earning ETF. Operating with approximately $75 billion in assets under management equivalent to 700,000 BTC, the ETF generates $186 million annually with a 25 basis points fee. In contrast, the iShares Core S&P 500 ETF (IVV) manages $609 billion AUM and earns $183 million in revenue with a much lower fee of 3 basis points.
With this development, IBIT not only leads in revenue but has also attracted $14 billion in inflows year-to-date, becoming one of BlackRock’s brightest products. Nate Geraci, President of ETF Store, highlighted the significance of IBIT surpassing IVV in annual revenue, viewing it as a clear indicator of institutional demand for crypto ETFs.
iShares Bitcoin ETF now generates more fee revenue for BlackRock than its largest ETF, the iShares Core S&P 500 ETF…
IBIT annual revenue = $186mil
IVV annual revenue = $183mil
IBIT w/ nearly $75bil AUM at 25bps.
IVV $609bil at 3bps.
Only took 18 months.
h/t @bespokeinvest
— Nate Geraci (@NateGeraci) June 27, 2025
Strong Bitcoin ETF Inflows Continue
Spot Bitcoin ETF inflows continued for 14 consecutive days in June, marking one of the best starts for the ETF market in 2025. As of Friday, BTC ETFs recorded a total net inflow of $501 million among all U.S. ETF issuers. Fidelity’s FBTC ETF led with $165 million, followed by BlackRock’s IBIT ETF with $153 million. Ark Invest’s ARKB ETF took third place with $150.3 million in inflows.
According to Farside Investors data, weekly total inflows exceeded $2.2 billion, demonstrating ongoing investor interest in digital assets alongside traditional ones.
An S&P Global report revealed strong demand not only for Bitcoin but also for other crypto ETFs. Furthermore, Nate Geraci mentioned a high likelihood of approval for XRP ETF and Solana ETF products.
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