BlackRock‘s Bitcoin ETFs reach higher net assets than gold ETFs, marking a historic turning point
Bitcoin ETFs have broken an all-time record! BTC, often called digital gold due to its scarcity and intrinsic value, recently took an incredible step: it surpassed physical gold in BlackRock’s portfoliothe largest investment fund in the world. This overtaking not only represents a milestone for Bitcoin, but marks a turning point for the entire cryptocurrency market. Find out what has happened to Bitcoin ETFs in recent days.
Bitcoin ETFs Outperform Gold ETFs
The announcement caught many by surprise: the fund iShares Bitcoin Trust (IBIT) di BlackRockborn January 2024, has already surpassed the iShares Gold Trust (IAU)one of the most established ETFs on the gold market, launched in 2005. Currently, the IBIT fund holds approx $33.1 billion in Bitcoincompared to 32,9 billion from the IAU gold fund. This comparison highlights a crucial detail: while the gold market has a long and consolidated history, Bitcoin, with just over a decade of history, is growing year after yearand only in the last period has it demonstrated its ability to attract institutional capital on a large scale.
This overtaking represents a strong signal of changing investment preferences: while gold has traditionally been considered a stable store of value, Bitcoin has demonstrated that it can compete and, in some cases, even surpass it in terms of attractiveness to investors and asset managers. global heritage. It is therefore being established a new standard for reserve assetswhere Bitcoin, especially thanks to its planned scarcity, seems to be gaining ground.
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The launch of Bitcoin ETFs represented a real breakthrough revolution in the crypto worldallowing a growing number of investors to access Bitcoin without having to purchase and hold it directly. In particular, BlackRock’s ETF saw record capital flows, reaching $10 billion in assets under management in the first seven weeks of launch. To put into perspective, the first gold ETF in the United States employed more than two years to reach the same level.
This pace of growth is not only extraordinary, but also reflects a substantial shift in the perception of institutional investors: many funds, including large management firms like BlackRock, are seeing Bitcoin not just as a volatile asset, but as a potential store of value long term. The fact that in less than a year the Bitcoin bottom has reached and surpassed the gold one proves it how much interest in cryptocurrencies is increasing.
A new chapter for the cryptocurrency market
Bitcoin, also thanks to its ETFs, is in a new phase of its history. In recent days, following Donald Trump’s victory in the US elections, the cryptocurrency has surged the $88,000setting one new all-time high after another. Other cryptocurrencies, above all Sui (SUI), Cardano (ADA), Aave (AAVE) and Dogecoin (DOGE), have also recorded similar increases in value.
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For institutional investors, this change represents not only strategic diversification but also a signal of adherence to a new financial paradigm. The growing confidence in Bitcoin could therefore indicate a long-term trendwhere gold, while remaining relevant, may gradually give way to Bitcoin as a global reserve asset, particularly in an era of digitalization and advanced technology. Bitcoin’s overtaking of gold, witnessed by BlackRock’s ETF, is a historic achievement that highlights how cryptocurrencies are redefining the boundaries of the financial marketa result that would have been difficult to imagine until a few years ago.
As the financial world evolves, Bitcoin continues to gain ground. In short, this event marks a mark a fundamental stage in the history of Bitcoin and the crypto sector: with growing institutional support, the future of cryptocurrencies appears increasingly bright, and Bitcoin’s role as digital gold now seems consolidated.
