EddieJayonCrypto
6 May 25
BlackRock’s iShares Bitcoin Trust (IBIT) has attracted over $6.9 billion in inflows this year, surpassing the SPDR Gold Shares (GLD), which drew about $6.5 billion despite gold’s historic 23% price surge to $3,500/oz. IBIT ranked as the sixth-highest US fund by year-to-date inflows and has maintaine...
BlackRock’s iShares Bitcoin Trust (IBIT) has remarkably drawn over $6.9 billion in inflows in 2024, outperforming the SPDR Gold Shares (GLD), which attracted about $6.5 billion despite gold’s historic 23% price surge to a record $3,500 per ounce.
Ranked as the sixth-highest US fund by year-to-date inflows, IBIT maintained continuous inflows for 15 consecutive trading sessions, adding nearly $2.5 billion in just the last week. This impressive momentum reflects growing institutional interest and demand for regulated cryptocurrency exposure amidst uncertain macroeconomic conditions.
During this period, gold hit an all-time price high and increased its global reserve share to an 18% level not seen in 26 years. Nevertheless, Bitcoin ETFs like IBIT have outpaced traditional safe-haven assets, signaling robust confidence in Bitcoin’s long-term potential.
Analysts predict Bitcoin ETFs could surpass gold’s assets under management by a factor of three within the next 3 to 5 years. The shift from primarily retail buyers to a more diversified investor base, including institutions, is evident. ETFs such as IBIT provide a regulated gateway allowing investors to gain crypto market exposure without holding the underlying digital assets directly, underscoring Bitcoin’s emerging role in contemporary investment portfolios.