BlackRock's Bitcoin ETF Overtakes Gold in Assets Amid Market Surge

The iShares Bitcoin Trust has surpassed the iShares Gold Trust in net assets following a Bitcoin rally and significant investor inflows.

BlackRock's iShares Bitcoin Trust (IBIT) now holds $33.2 billion in assets, exceeding the $32 billion in its iShares Gold Trust.
IBIT's rapid growth since its launch earlier this year is attributed to a Bitcoin rally and increased investor interest.
Bitcoin has reached an all-time high, trading above $77,000, contributing to the ETF's performance.
Donald Trump's re-election has been linked to increased market confidence, boosting Bitcoin ETF inflows.
BlackRock's Bitcoin ETF saw a record single-day inflow of $1.12 billion, signaling strong investor demand.