$BTC Surged Past $97K as #BlackRock's IBIT Overtakes World's Largest Gold Fund


BlackRock's spot $BTC ETF (IBIT) has attracted $6.96 billion in net inflows since January, surpassing the SPDR Gold Trust's $6.5 billion.


This impressive achievement comes despite $BTC's modest 3.8% year-to-date gain compared to gold's 29% surge.


The continued influx of institutional capital signals strong confidence in Bitcoin's long-term value proposition.


Industry analysts project that $BTCETFs could reach triple the assets under management of gold funds within three to five years.


IBIT now ranks as the sixth-largest #ETF by 2025 inflows, demonstrating institutional investors' unwavering interest despite market volatility.

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May 07, 2025 at 5:05 PM
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