- BlackRock’s IBIT now earns more revenue annually than its IVV ETF.
- Weekend BTC rally shows weak volume, raising trader caution signals.
Bitcoin has crossed the $108,000 mark amid low weekend volume, raising caution among traders. Bitcoin is trading at $108,449.99, up 1.00% in the past 24 hours. The price hit an intraday high of $108,484.00 and a low of $107,084.15.
Data from Binance shows daily BTC/USDT spot volume below $500 million, currently at $479.32 million. This unusually low volume has led to skepticism over the rally’s sustainability.
A 15-minute chart shows aggressive upward buying activity, but traders remain cautious. Open4profit commented that this might be
“just a weekend low volume push from the market makers,”
Warning, it could trap late longs, and such thin-volume surges often lead to quick reversals, especially during low liquidity periods.
BlackRock’s IBIT Now Top-Earning ETF in Portfolio
BlackRock’s iShares Bitcoin ETF (IBIT) has now outpaced the firm’s flagship IVV in annual fee revenue. According to Nate Geraci, IBIT generates $186 million annually, surpassing IVV’s $183 million despite IVV’s much larger $609 billion AUM. IBIT charges a 25 basis point fee on $75 billion in assets, helping it top the revenue chart.
Arkham Intelligence visualized wallet activity tied to BlackRock’s ETF operations. Their data shows frequent Bitcoin flows between BlackRock wallets and Coinbase Prime. Over the past 48 hours, multiple transfers between 50 and 300 BTC were recorded. This trend confirms sustained institutional participation and high-frequency trading activity.
Declining Volatility Makes IBIT Attractive to Institutions
ETF analyst Eric Balchunas reported a sharp drop in IBIT’s volatility over the past year. Previously, IBIT was 5.7 times more volatile than the S&P 500. That number has now decreased to just over 1. This reduced volatility may attract more institutional investors, who prefer lower risk profiles.
With IBIT’s profitability and stability increasing, analysts believe BlackRock may explore further crypto-linked products. These could include tokenized assets or blockchain-based financial instruments. As the ETF market evolves, BlackRock’s crypto strategy appears central to its broader asset management roadmap.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
