IBIT, BlackRock’s Bitcoin ETF, is now the company’s best product in this asset category by fee revenue. It generates $186 million in fees per year, surpassing IVV, an ETF based on the S&P 500, by $3 million.

Still, IBIT and IVV are similar in another way, as the BTC ETF is almost as volatile as the S&P 500. IBIT’s volatility has cratered alongside Bitcoin, raising concerns about the possibility of future breakout crypto successes.

BlackRock’s Bitcoin ETF Trading Fees Break Records

Immediately after BlackRock launched IBIT, its Bitcoin ETF, the asset proved to be a tremendous success. Within less than a year, industry experts hailed it as the “greatest launch in ETF history,” surpassing speed records that had stood for decades.

Today, analyst Nate Geraci pointed out another victory, as it’s now BlackRock’s best ETF for trading fee revenue: