The iShares Bitcoin Trust (IBIT) has surpassed the iShares Gold Trust (IAU) in assets under management (AUM), accumulating around $33.1 billion compared to IAU's $32.9 billion. IBIT achieved this milestone within its first two months of trading, while it took the first gold ETF two years to reach the same level. IBIT has seen over $27 billion in net inflows since its launch, with a single-day record of $1.1 billion added on November 7. The increasing interest in Bitcoin suggests a shift in sentiment as more investors view it as an alternative or complement to traditional assets like gold.



Other News from Today