BlackRock’s Bitcoin ETF Bringing More Revenue Than Its Iconic S&P 500 Fund

BlackRock’s iShares Bitcoin Trust is now generating an estimated $187.2 million, surpassing the revenue of one of the asset manager’s most iconic products, the iShares Core S&P 500 ETF, according to data tracked by Bloomberg. How did the IBIT become the moneymaker for the asset manager with just $52 billion in AUM? CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com.