ETFs & Mutual Funds

BlackRock’s Bitcoin ETF Surpasses Gold Fund After Record Inflow

Blackrock iShares Bitcoin Trust ETF signage at the Nasdaq MarketSite in New York.
Photographer: Michael Nagle/Bloomberg

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By Sidhartha Shukla

November 8, 2024 at 5:13 PM UTC

This article is for subscribers only.

BlackRock Inc.’s spot-Bitcoin exchange-traded fund has surpassed the size of its gold fund amid record demand for ETFs that invest in the original cryptocurrency.

The iShares Bitcoin Trust ETF (ticker IBIT) surpassed the $33 billion iShares Gold Trust (IAU) in total assets, reaching $34.3 billion after a record inflow of $1.1 billion on Thursday, according to data compiled by Bloomberg.