The iShares Bitcoin ETF is now bigger than its gold counterpart following rush into crypto on Trump win
Publishing timestamp: 2024-11-11 10:17:55
Summary
IBIT has seen significant inflows of about $1 billion over the past week and $27 billion overall since its launch in January. It has surpassed the iShares Gold Trust in assets under management, with roughly $34.3 billion as of Friday. The rising price of bitcoin has pushed total assets to over $30 billion, although it is still smaller than the biggest gold ETF on the market.
Sentiment: POSITIVE
Tickers: IAU,
Keywords: ishares bitcoin trust, breaking news: markets, ishares gold trust, markets, business news,