BlackRock’s Bitcoin ETF Bringing More Revenue Than Its Iconic S&P 500 Fund

BlackRock’s iShares Bitcoin Trust is now generating an estimated $187.2 million, surpassing the revenue of one of the asset manager’s most iconic products, the iShares Core S&P 500 ETF, according to data tracked by Bloomberg. How did the IBIT become the moneymaker for the asset manager with just $52 billion in AUM? CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com. - #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE