BlackRock’s IBIT Bitcoin ETF Surpasses iShares Gold ETF in Net Assets, Reaching Over $33,000,000,000
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BlackRock's iShares Bitcoin Trust ETF (IBIT) has surpassed the iShares Gold Trust (IAU) in net assets, reaching $1.1 billion compared to IAU's $0.7 billion. This milestone was achieved in just 10 months, while IAU has been established for years. The surge in Bitcoin's value, following the recent US presidential election, has contributed to this growth, with Bitcoin trading around $40,000. Additionally, IBIT set a record for daily inflows in October, attracting $100 million in a single day, highlighting the increasing interest in Bitcoin ETFs.
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