BlackRock’s Bitcoin ETF Outshines Its Flagship S&P 500 Fund in Revenue—Crypto Flexes Its Muscles
Wall Street's love affair with Bitcoin just hit a new milestone—BlackRock's Bitcoin ETF is now raking in more cash than its hallowed S&P 500 fund. Who saw that coming? (Okay, maybe the crypto crowd did.)
The heavyweight clash: digital gold vs. old-school equities. And for now, the upstart’s winning.
How? Institutional money’s flooding into crypto like it’s 2021 all over again—except this time, the suits are driving the Lambos. BlackRock’s ETF became the shiny new toy for hedge funds and pension managers chasing yield (or FOMO). Meanwhile, the S&P 500 fund? Still reliable, still boring—like a Volvo in a Tesla showroom.
Bottom line: When a 15-year-old index fund gets upstaged by a crypto product that didn’t exist five years ago, you know the game’s changed. Cue the Wall Street veterans grumbling about ‘irrational markets’ over their third martini.