BlackRock IBIT Attracts Twice as Much Capital as Gold ETF This Year

Cryptocurrency News and Public Mining Pools

BlackRock IBIT Attracts Twice as Much Capital as Gold ETF This Year

BlackRock IBIT Attracts Twice as Much Capital as Gold ETF This Year

  • It was reported that BlackRock's Bitcoin spot ETF, IBIT, recorded twice the capital inflow compared to the Gold ETF this year.
  • Bloomberg analyst Eric Balchunas stated that IBIT has risen to 6th place in ETF capital inflow rankings, while GLD has fallen to 17th place.
  • He mentioned the possibility that the difference in returns between Bitcoin and gold may not last long, indicating the potential for Bitcoin's rise

submitted by /u/CriticalCobraz
[link] [comments]