{"id":141816,"date":"2024-11-09T19:00:19","date_gmt":"2024-11-09T17:00:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141816"},"modified":"2024-11-09T16:45:03","modified_gmt":"2024-11-09T14:45:03","slug":"blackrocks-bitcoin-etf-sets-record-surpassing-gold-fund-holdings","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/blackrocks-bitcoin-etf-sets-record-surpassing-gold-fund-holdings\/","title":{"rendered":"BlackRock\u2019s Bitcoin ETF Sets Record, Surpassing Gold Fund Holdings"},"content":{"rendered":"

As of November 7, IBIT\u2019s net assets reached around $33.17 billion, edging out<\/a><\/strong> IAU\u2019s $32.9 billion, a remarkable feat given that IBIT launched just this year in January, while IAU has been active since 2005.<\/p>\n

This surge in IBIT\u2019s popularity is a signal of growing institutional interest in cryptocurrency. Nate Geraci, President of ETF Store, commented on the significant growth on social media, calling it \u201cabsolutely insane\u201d after IBIT saw an unprecedented $1.1 billion inflow in a single day, setting a new record.<\/p>\n

Market conditions, including recent events like Trump\u2019s election win and the Federal Reserve’s rate cut, have encouraged institutional engagement in digital assets.<\/p>\n