Key Takeaways
BlackRock’s iShares Bitcoin Trust (IBIT) has exceeded its iShares Gold Trust in assets under management.
IBIT reached $33.1 billion, attracting massive capital since its launch in early 2024.
BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed its Gold ETF counterpart, the iShares Gold Trust (IAU), in assets under management (AUM). IBIT has amassed around $33.1 billion in AUM, overtaking IAU, which currently holds about $32.9 billion worth of assets.
iShares Bitcoin Trust ETF
iShares Gold Trust
IBIT, launched in early 2024, accumulated more than $10 billion in assets within its first two months of trading, a milestone that took the first gold ETFapproximately two yearsto achieve.
According todatatracked by Farside Investors, IBIT has logged over $27 billion in net inflows since its launch, with arecord $1.1 billionadded in a single day on November 7.
The surge in IBIT’s assets can be attributed to several factors, including strong demand from retail and institutional investors. The recent rise in Bitcoin prices has also fueled this growth; Bitcoin hit a new all-time high of $76,800 yesterday, CoinGeckodatashows.
Bitcoin ETFs’ success over gold ETFs is particularly noteworthy since gold has historically served as a safe-haven asset. The increasing interest in Bitcoin suggests a shift in sentiment as more individuals and institutions consider the leading crypto asset as an alternative or a complement to traditional assets like gold.
