Blackrock’s IBIT ETF now holds upwards of $33 billion in assets, more than the asset manager’s gold fund.
Blackrock’s Bitcoin (BTC) exchange-traded fund (ETF) now holds more assets than the asset manager’s gold ETF despite only launching in January, data from Blackrock shows.
iShares Bitcoin Trust (IBIT) exceeds $33 billion in net assets as of Nov. 8, surpassing iShares Gold Trust (IAU), which holds just shy of that amount, according to iShares.
It’s an “absolutely wild” feat because IBIT launched only 10 months ago, whereas IAU has been trading since 2005, Nate Geraci, president of The ETF Store, said in a Nov. 8 post on the X platform.
