BlackRock’s Bitcoin ETF Outshines Its S&P 500 Fund in Revenue—Crypto’s Wall Street Takeover Accelerates

Move over, traditional markets—Bitcoin’s institutional golden child is stealing the spotlight.

BlackRock’s Bitcoin ETF isn’t just competing; it’s now outperforming the firm’s flagship S&P 500 fund. The ultimate 'told-you-so' moment for crypto bulls.

Wall Street’s love affair with crypto yields more drama than a hedge fund divorce. Who needs stable returns when you’ve got digital gold and a side of schadenfreude?

Hedge funds and institutional investors have also fueled the growth, including Michael Saylor’s Strategy, which has been buying Bitcoin consistently this year.

Both IBIT and IVV could push BlackRock ahead of State Street in ETF trading volume, according to Bloomberg Intelligence. BlackRock now controls about 25% of ETF trading by dollar volume, just behind State Street’s 31%.

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