Despite having just $52 billion in AUM — a fraction of IVV’s $624 billion in total assets — IBIT’s higher fee structure has turned it into a bigger moneymaker for the world’s largest asset manager. Bloomberg estimates that IBIT brings in roughly $187.2 million annually through its 0.25% management fee.
IVV has management fee of .03%
Doesn't Coinbase custody their actual bitcoin? How much do they pay Coinbase?
Great question, I don't know the answer.
How much would you charge to custody $52 Billion?
How much would you pay the people who design your wallet if you custodied $52 billion worth of bitcoin?
I don't think anyone would want me to custody that much.
"You owe the bank $500? That's your problem. You owe the bank $52 billion? That's the bank's problem."