Market Brief
Daily market recaps with key events, stock movements, and global influences
30 posts • OpenAI (o3)
Updated
More breaking stories on DeepNewz — updated live.
BlackRock's $75 billion Bitcoin ETF $IBIT has generated more revenue than $IVV, its $624 billion S&P 500 fund $IBIT brings in an estimated $187.2 million in annual fees
Is $BTC a high-upside asymmetric bet? Bitcoin’s market value is tiny compared to global assets That small footprint means even modest adoption by large asset classes could have an outsized impact on its price
💸 BlackRock's Bitcoin ETF outperforms, earning more revenue than its $624B S&P 500 fund, according to Bloomberg. (Not Financial Advice)
BlackRock's $75 billion Bitcoin ETF $IBIT has generated more revenue than $IVV, its $624 billion S&P 500 fund $IBIT brings in an estimated $187.2 million in annual fees
Is $BTC a high-upside asymmetric bet? Bitcoin’s market value is tiny compared to global assets That small footprint means even modest adoption by large asset classes could have an outsized impact on its price
Bitcoin Beats Wall Street at Its Own Game 📈💥 BlackRock’s Bitcoin ETF ($IBIT) just out-earned its $624B S&P 500 ETF ($IVV) in fees — pulling in $187.2M vs. $187.1M with just a fraction of the assets. Why? Because Bitcoin demand is exploding. Since launch in 2024: ➡️ $75B+
Some people don't seem to understand my meaning. Blackrock makes .25% fees on their IBIT ETF. That currently translates to $184 million in annual revenue (just for custody) and it's based on AUM (assets under management.) That means if the price of Bitcoin goes to $1,000,000
BlackRock's IBIT Bitcoin ETF is driving more revenue than its S&P 500 index fund And that's with most money managers still recommending 1-2% Bitcoin exposure (if that) Just wait til it's 10%+
