BlackRock's iShares Bitcoin ETF Surpasses Gold ETF in Assets with Rapid Growth in 2025
BlackRock's iShares Bitcoin Trust has quickly overtaken its nearly two-decade-old Gold Trust in assets, fueled by a bitcoin rally and significant investor inflows following a major election event.
Highlights
- BlackRock’s iShares Bitcoin Trust (IBIT) has outpaced the iShares Gold Trust (IAU) in total assets, marking a significant milestone for the bitcoin ETF.
- While the Gold Trust has been established since 2005, the Bitcoin Trust launched only in early 2024, demonstrating remarkable growth.
- The surge in IBIT assets correlates with a strong bitcoin market rally and heightened investor interest after a decisive election outcome.
In a notable shift within the ETF landscape, BlackRock’s iShares Bitcoin Trust (IBIT) surpassed the firm’s long-established iShares Gold Trust (IAU) in net assets this week. As of Thursday, IBIT’s assets reached approximately $33.2 billion, edging past the Gold Trust’s $32 billion.
The iShares Gold Trust, a staple in precious metal investments since 2005, started 2024 with a substantial lead of about $25 billion over the newly launched Bitcoin Trust. However, IBIT’s rapid ascent reflects the growing investor confidence in cryptocurrency as a digital asset class.
Despite the impressive growth, IBIT still trails the largest gold ETF, SPDR Gold Shares (GLD), which holds $76 billion in assets. Both gold and bitcoin have demonstrated strong performances this year, with bitcoin increasing by roughly 80% year-to-date and reaching all-time highs above $77,000.
The recent spike in IBIT’s value is closely linked to bitcoin’s rally, partly driven by investor optimism following a significant election victory for former President Donald Trump. On Thursday alone, U.S. spot Bitcoin ETFs recorded inflows near $1.3 billion, with IBIT capturing $1.1 billion of that total, marking a record inflow for any bitcoin ETF.
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