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Monumental Milestone: BlackRock’s Bitcoin ETF Is Now Bigger Than Its Gold ETF Just Months After Launch

  • BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has surpassed the assets under management of its iShares Gold ETF (IAU), just 10 months after its launch.
  • IBIT has accumulated $33.17 billion in assets, exceeding IAU's $32.96 billion, marking a significant milestone.
  • The success of IBIT can be attributed to its bullish strength, boosted by Donald Trump's support for the crypto sector during his presidential campaign.
  • The victory of Trump is also expected to open doors for several proposed cryptocurrency ETFs awaiting approval from U.S. regulators.

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