BlackRock’s Bitcoin ETF Surpasses Gold Fund After Record Inflow

Nov. 8, 2024, 5:13 PM UTC

BlackRock Inc.’s spot-Bitcoin exchange-traded fund has surpassed the size of its gold fund amid record demand for ETFs that invest in the original cryptocurrency.

The iShares Bitcoin Trust ETF (ticker IBIT) surpassed the $33 billion iShares Gold Trust (IAU) in total assets, reaching $34.3 billion after a record inflow of $1.1 billion on Thursday, according to data compiled by Bloomberg.

This marks a significant milestone for IBIT, in which investors have poured more than $27 billion since its launch in January, making it the fourth best-performing fund globally in terms of flows this year.

The surge ...

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