The key to this difference is, among other things, in the commissions structure of both ETF.
Bitcoin interest is also evidenced in direct purchases made by institutions.
The Bitcoin (ETF) stock quoted background (BTC) launched and managed by Blackrock, the world’s largest asset administrator, is generating more income than its emblematic bottom that follows the S&P 500 index. It is a forceful signal of the growing appetite by BTC.
According to Bloomberg data, the Ishares Bitcoin Trust ETF (Ibit) ha generated estimated revenues for 187.2 million dollars annually for commissions. That figure exceeds the 187.1 million obtained by the Ishares Core S&P 500 ETF (IVV), the historical Blackrock fund that tracks the performance of the 500 main companies in the United States.
The difference is even more striking if IBIT is considered to administer about USD 75,000 million in assets, while IVV manages almost nine times more: USD 624,000 million. The key is, in part, in the commission structure: Bitcoin ETF charges a 0.25%rate, while the S&P 500 bottom just 0.03%.
The Ishares Bitcoin Trust has captured net capital tickets in 17 of the last 18 months, which shows a sustained demand. Currently, the fund already represents more than 55% of all assets invested in Bitcoin ETF.
This good performance of Bitcoin’s main ETF Mark a growing interest in digital currency. As cryptootics has reported, this is also evidenced in the direct purchases of BTC that are making corporate giants.
