The launch of the spot Bitcoin ETFs (exchange-traded funds) in January 2024 marked a perfect start to the year for the cryptocurrency industry.
BlackRock's Bitcoin exchange-traded fund (NYSE:IBIT) has now surpassed the asset manager's gold fund in terms of net assets. This comes just months after IBIT began trading in January 2024, while BlackRock's gold fund (NYSE:IAU) has been trading since January 2005.
According to ETF Store President Nate Geraci, BlackRock's Bitcoin ETF now has nearly $33.2 billion in net assets, compared to IAU's $32.9 billion. This is a remarkable achievement for a new ETF, especially considering the long track record of BlackRock's gold fund.
The news of IBIT's surpassing of BlackRock's gold fund coincides with the day that IBIT returned to positive inflows with its largest capital influx ever. Data from SoSoValue shows that BlackRock's Bitcoin ETF recorded a massive $1.12 billion net inflow on Thursday.
This impressive single-day performance marks a significant turnaround from a series of negative outflows for the crypto fund. IBIT registered a cumulative outflow of $113 million on Tuesday, November 5, and Wednesday, November 6.
Also noteworthy is that BlackRock's IBIT leads the US Bitcoin ETF market in terms of net assets. Grayscale's GBTC and Fidelity come in second and third with $16.8 billion and $14.58 billion, respectively. Ark & 21Shares' ETF (NYSE:ARKB) and Bitwise's fund (NYSE:BITB) round out the top five.
The above is the detailed content of BlackRock's Bitcoin ETF Surpasses $33 Billion in Net Assets, Beats Gold Fund. For more information, please follow other related articles on the PHP Chinese website!
Solana ETF Rumors Dashed as BlackRock CIO Emphasizes Bitcoin and Ethereum FocusJul 30, 2024 pm 06:43 PMIn the last two weeks, Solana has jumped 30%, outpacing both Bitcoin and ETH. Therefore, many are anticipating that this surge is coming
BlackRock Now Owns 2% of the Total Bitcoin (BTC) SupplySep 12, 2024 pm 06:43 PMThis happened eight months after the launch of its spot Bitcoin exchange-traded fund (ETF).
BlackRock's ETHA Raises $869.8M Despite Market TurmoilAug 08, 2024 am 06:20 AMBlackRock's iShares Ethereum Trust (ETHA) witnessed a substantial inflow of $109.9 million on August 6. This inflow is the highest daily influx for
BlackRock Might Launch Its Own Blockchain, Signaling a TradFi Transition Toward Decentralized SolutionsAug 15, 2024 am 12:04 AMBlackRock organizes its cryptocurrency holdings into three categories: crypto assets like Bitcoin (BTC), stablecoins like USDC, and tokenized assets
The State of Wisconsin Investment Board (SWIB) added 447,651 shares of BlackRock's iShares Bitcoin Trust (IBIT) to its investment portfolioAug 15, 2024 am 06:48 AMThe State of Wisconsin Investment Board (SWIB) added 447,651 shares of BlackRock's iShares Bitcoin Trust (IBIT) to its investment portfolio
BlackRock’s BUIDL Fund Bags $11M Worth of USDC From CircleJul 28, 2024 am 03:57 AMBlackRock's BUIDL (BlackRock USD Institutional Digital Liquidity) Fund has once again captured noteworthy attention with its massive stablecoin accumulation today.
BlackRock Pours Cold Water On Solana ETF HopesJul 31, 2024 pm 06:45 PMDespite growing rumors that the world's largest asset manager may file a spot Solana ETF (exchange-traded fund) with the US Securities and Exchange Commission (SEC)
BlackRock Unlikely to File for Spot ETFs for Solana and XRPJul 28, 2024 pm 12:06 PMBlackRock will unlikely file for spot ETFs for Solana and XRP anytime soon. This is based on BlackRock's digital assets head, Robert Mitchnick, who stated that the asset manager sees “very little interest” in crypto beyond Bitcoin and Ethereum.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
AI Hentai Generator
Generate AI Hentai for free.
Hot Article
Hot Tools
SublimeText3 English version
Recommended: Win version, supports code prompts!
Safe Exam Browser
Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.
Zend Studio 13.0.1
Powerful PHP integrated development environment
DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software
mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),
