BlackRock’s Bitcoin ETF Surpasses Gold Fund, Posts Record $1.1B Daily Inflow

In a landmark shift for digital asset investments, BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed its long-standing gold fund in net assets, while simultaneously setting a new record for single-day inflows.

The spot Bitcoin ETF, which launched in January 2024, now holds approximately $33.17 billion in net assets, eclipsing the iShares Gold ETF’s (IAU) $32.96 billion. This achievement is particularly notable given that the gold ETF has been trading since 2005.

The milestone coincided with IBIT’s record-breaking single-day net inflow of $1.12 billion on Thursday, contributing to a total of $1.38 billion in net inflows across all U.S. spot Bitcoin ETFs – their highest daily figure since launch.

Market enthusiasm has been largely attributed to Donald Trump’s presidential victory and the Federal Reserve’s recent interest rate cut.

Among the 11 spot Bitcoin ETFs currently available, BlackRock’s offering maintains a commanding lead. Its closest competitor, Grayscale, holds approximately $16.79 billion in Bitcoin – roughly half of IBIT’s assets.

The surge in institutional interest comes as Bitcoin reached new all-time highs above $76,870, signaling growing mainstream acceptance of cryptocurrency as an investment asset. Notably, these ETFs are accumulating Bitcoin at twice the rate of new coin creation, potentially setting the stage for continued market momentum.

The achievement is even more remarkable considering that these products aren’t yet fully available on major wirehouse platforms, suggesting potential for further growth as accessibility expands.