BlackRock's Bitcoin ETF Surpasses Gold Fund Amid Crypto Surge
TL;DR Summary
BlackRock's iShares Bitcoin Trust ETF has surpassed its iShares Gold ETF in net assets, reaching $33.17 billion compared to the gold fund's $32.96 billion. This milestone comes amid surging investor interest, particularly following Donald Trump's re-election, which has boosted market confidence in cryptocurrencies. The Bitcoin ETF saw a record daily inflow of $1.12 billion, highlighting its dominance among spot Bitcoin ETFs, with BlackRock's fund holding over 1 million BTC.
- BlackRock’s Bitcoin ETF Is Now Bigger Than Its Gold Fund Decrypt
- Leak Reveals BlackRock Is Quietly Doubling Down On Bitcoin As The Price Suddenly Rockets Toward $100,000 Forbes
- BlackRock Fund Powers US Bitcoin ETFs to a Record Daily Inflow Bloomberg
- Why Bitcoin Leads a Huge Week for Cryptocurrencies The Motley Fool
- Blackrock's Bitcoin ETF flips gold fund Cointelegraph
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