BlackRock's Bitcoin ETF Surpasses Gold Fund Amid Crypto Surge
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.