BlackRock's BIT annual fee income has surpassed that of its S&P 500 Index ETF IVV.

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On July 3, according to a report by Fortune, BlackRock's iShares Bitcoin Trust ETF (ticker: IBIT), with a scale of approximately $75 billion, has attracted significant funds from both institutional and retail investors. Over the past 18 months, there has been inflow of funds for all but one month. According to Bloomberg's rough calculation as of July 1, the fund's expense ratio is 0.25%, with estimated annual fee revenue of $187.2 million. This figure is slightly higher than the $187.1 million of BlackRock's iShares Core S&P 500 ETF (IVV), which is nearly nine times the size of IBIT, with assets of approximately $624 billion and an expense ratio of only 0.03%.

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