The world’s largest cryptocurrency is on a tear. Bitcoin rocketed past $120,000 for the first time in history to notch a new all-time high of nearly $123,000 early Monday morning, according to data from Binance. The cryptocurrency posted a daily jump of about 3% and a weekly gain of more than 12%.

BlackRock is making more money from Bitcoin than from the S&P 500. No one expected it to happen this fast, but now it has. The $75 billion iShares Bitcoin Trust ETF (IBIT) is generating more annual fee revenue than the $624 billion iShares Core S&P 500 ETF (IVV).

BlackRock’s IBIT becomes third-largest revenue driver among nearly 1,200 funds as spot bitcoin ETFs reshape the investment landscape.