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Fernando 🎩
@fernando
BlackRock is already earning more fees from its bitcoin ETF (IBIT) than from its ETF that tracks the S&P 500 (IVV). What is striking is that IBIT manages $75 billion in assets, while IVV manages 9 times more: $624 billion. The reason is that the BTC ETF charges a fee of 0.25%, while the S&P 500 ETF charges just 0.03%.
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