BlackRock’s Bitcoin ETF IBIT Crushes S&P 500 ETF in Annual Revenue—Crypto Flexes on TradFi

Wall Street’s new golden child isn’t stocks—it’s Bitcoin. BlackRock’s spot Bitcoin ETF (IBIT) just out-earned the S&P 500’s flagship ETF in annual revenue, marking a seismic shift in investor appetite.

The numbers don’t lie

While legacy finance clings to its spreadsheets, IBIT’s performance screams what we’ve known for years: crypto isn’t the future—it’s the now. No fluff, no ‘adjusted earnings’—just raw, decentralized demand outpacing the old guard.

A cynical footnote

Funny how the same institutions that once mocked Bitcoin now race to repackage it for their clients. But hey, when the fees are this juicy, even the staunchest critics learn to love blockchain—or at least its profit margins.

The firm is raking in $187M in fees from its Bitcoin ETFs, a clear signal of where investor demand (and revenue) is heading.

Wall Street isn’t just adopting crypto, it’s actually profiting from it. pic.twitter.com/PQOpuYyZkt

— Bitcoinsensus (@Bitcoinsensus) July 3, 2025

Standard Chartered’s Bitcoin Outlook: Poised for a Historic Rally?

According to Standard Chartered’s latest market outlook, Bitcoin is poised for its strongest dollar rally in history in the second half of 2025. Bitcoin is expected to reach $135,000 before the close of September, according to Standard Chartered. 

Geoff Kendrick, Standard Chartered’s head of digital asset research said, “Thanks to increased investor flows, we believe BTC has moved beyond the previous dynamic whereby prices fell 18 months after a ‘halving’ cycle.”

Standard Chartered says #Bitcoin is heading to $200K by late 2025.

If that happens…

Where will ETH, SOL, and XRP be?
Drop your predictions.pic.twitter.com/KwPHIY67DW

— crypto Decode (@TheCryptoDecode) July 2, 2025

If this forecast materialises, the appeal of spot Bitcoin ETFs like IBIT could grow even further.

“Strong inflows drove Q2 price gains,” added Kendrick, “US spot ETFs saw inflows of $12.4bn (120,000 BTC) during the quarter, and Bitcoin treasury companies added 125,000 BTC.”

BTC ETFs See Interrupted Inflow Streak Amid Bearish BTC Price

However, BlackRock’s IBIT is clearly an exception.

The relentless inflow streak into US spot Bitcoin ETFs came to an abrupt halt amidst renewed bearish momentum and political headwinds. On 1 July 2025, the 12 US-listed spot Bitcoin ETFs collectively recorded $342.25 million in net outflows. This marks the end of a robust 15 day run that had seen $4.73 billion pour into US spot Bitcoin ETFs since mid-June.

Fidelity’s FBTC saw the largest withdrawal with $172.73 million in outflows. Grayscale’s GBTC saw $119.51 million redeemed.

ARK21Shares’ ARKB recorded $27.03 million in outflows. Bitwise’s BITB registered $22.98 million in redemptions.

Spot Bitcoin ETFs are more than just headlines, they’re unlocking serious liquidity.

Big money is flowing in, retail confidence is rising, and the market structure is shifting fast.

If you’re still trading like it’s 2021, you’re missing the ETF effect.

Stay sharp.#Bitcoin… pic.twitter.com/OUP7dTCkmo

— CryptonautX (@CryptonautX_) July 2, 2025

Key Takeaways

• IBIT was launched at the beginning of last year, alongside a wave of spot Bitcoin ETFs.  They sought to provide investors with direct exposure to Bitcoin’s spot price within a regulated framework.

• Since its debut, IBIT has quickly established itself as the market leader among spot BTC ETFs. Recently, it reached a new all-time high in AUM and solidifying its place as the most successful ETF tracking Bitcoin’s spot price.