According to Bloomberg, the annual fee income of BlackRock's IBIT has exceeded that of its flagship S&P 500 ETF (IVV), although the latter's asset size is approximately 9 times that of the former. As of July 1, IBIT manages about $75 billion in assets, with estimated annual fee income of $187.2 million, slightly higher than IVV's $187.1 million. Since the approval of the Bitcoin spot ETF in January 2024, IBIT has attracted $52 billion in net inflows, accounting for 96% of the total inflows of similar products, and currently holds more than 55% of the market share. Driven by regulatory approval and institutional funds, IBIT has ranked among the top 20 most traded ETFs in the United States.