BlackRock's Bitcoin ETF Surpasses Gold ETF in Assets, Taking Only 10 Months
BlackRock's Bitcoin ETF Surpasses Gold ETF in Assets, Taking Only 10 MonthsOn November 8th, TheETFStore President Nate Geraci revealed that BlackRock's iShares Bitcoin ETF (IBIT) has surpassed the assets under management of its iShares Gold ETF (IAU). Notably, IBIT achieved this milestone in a mere 10 months, while iSharesGoldTF (IAU), a veteran gold ETF, was launched by BlackRock in January 2005
BlackRock's Bitcoin ETF Surpasses Gold ETF in Assets, Taking Only 10 Months
On November 8th, TheETFStore President Nate Geraci revealed that BlackRock's iShares Bitcoin ETF (IBIT) has surpassed the assets under management of its iShares Gold ETF (IAU). Notably, IBIT achieved this milestone in a mere 10 months, while iSharesGoldTF (IAU), a veteran gold ETF, was launched by BlackRock in January 2005.
This news underscores the sustained interest in Bitcoin and its growing acceptance as an asset class. Despite its relatively new arrival, IBIT has outpaced IAU's asset size in just 10 months, indicating Bitcoin's increasing allure within investment portfolios.
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