IBIT vs GLD: A compelling tale of Bitcoin’s growing dominance over traditional gold investments

IBIT vs GLD: A compelling tale of Bitcoin’s growing dominance over traditional gold investments
фото показано с : cryptoslate.com

2024-4-25 19:25

Quick Take

Bitcoin left a significant mark on the ETF industry in 2024, with Bitcoin ETFs drawing in more than $12 billion in net inflows combined. Leading this surge is BlackRock’s iShares Bitcoin ETF (IBIT), which has accumulated over $15 billion in net inflows and stands at the forefront of this success narrative.

Recently, IBIT completed an impressive streak of 71 consecutive days of inflows, firmly establishing itself among the top 10 US ETFs in terms of successive inflows. However, to fully grasp the significance of IBIT’s achievement, it’s crucial to compare it with the SPDR Gold ETF (GLD), given Bitcoin’s moniker as “digital gold.”

According to Coinglass data, on April 24, IBIT’s trading volume reached $1.19 billion, while GLD’s volume stood at $1.16 billion, despite GLD being more than three times the size of IBIT in terms of market cap.

SPDR Gold Shares vs iShares Bitcoin Trust: (Source: Zerohedge)

A particularly notable comparison emerges from Nate Geraci, President of ETF Store, who shared a chart created by Zerohedge. It reveals that the SPDR Gold ETF (GLD) took 808 days since its inception to reach the same assets under management (AUM) that IBIT achieved in 72 days. This striking statistic emphasizes the swift expansion and growing recognition of Bitcoin as an investment avenue.

The post IBIT vs GLD: A compelling tale of Bitcoin’s growing dominance over traditional gold investments appeared first on CryptoSlate.

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bitcoin etf billion inflows ibit surge combined

Источник: cryptoslate.com

bitcoin etf → Результатов: 126


Инвесторы вывели $288 млн из Bitcoin ETF: анализ ситуации

Bitcoin ETF продолжают терять деньги — за последние пять дней отток средств составил $288 миллионов. Третьего сентября ситуация обострилась: Grayscale Bitcoin Trust потерял $50. 4 миллиона, а Fidelity — $162.

2024-9-6 11:31


Xедж-фонд Millennium Management сообщил, что владеет биткоин-ETF на сумму $2 млрд

Международный хедж-фонд Millennium Management официально сообщил Комиссии по ценным бумагам и биржам США (SEC), что вложил $1,94 млрд в пять различных спотовых биткоин-ETF. Хедж-фонд диверсифицировал свои инвестиции с помощью ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETF, Grayscale Bitcoin Trust, iShares Bitcoin Trust и Fidelity Wise Origin Bitcoin ETF.

2024-5-17 14:18


Grayscale Records Inflows Into Spot Bitcoin ETF For The First Time – Here’s The Best Platform To Trade It

Global asset management company and the world’s largest Bitcoin ETF provider, Grayscale, has recorded new inflows into its Spot Bitcoin ETF, Grayscale Bitcoin Trust (GBTC). This development marks a significant milestone for the popular Bitcoin ETF provider, which has consistently experienced millions of dollars in outflows daily.

2024-5-8 12:00


Фото:

VanEck lead charge as Australia prepares for Bitcoin ETF launch

Australia is poised to join the global trend of countries, including the US and Hong Kong, allowing their citizens to invest in Bitcoin exchange-traded funds (ETFs). ASX to approve Bitcoin ETFs Earlier today, Bloomberg reported that the Australian Securities Exchange (ASX) could approve its inaugural batch of spot Bitcoin ETF before the end of the […] The post VanEck lead charge as Australia prepares for Bitcoin ETF launch appeared first on CryptoSlate.

2024-4-29 15:10


Bitcoin ETF Fee Wars Heat Up As Grayscale Mulls Spin-Off; VanEck Slashes Fees To Zero Until 2025

The Bitcoin ETF market has entered a new phase of intense competition as asset managers and issuers strive to attract clients and expand their assets under management (AUM).  Amid this fee war, digital asset manager Grayscale Investments has announced its consideration of a spin-off for its spot Bitcoin exchange-traded fund (ETF), the Grayscale Bitcoin Trust […]

2024-3-13 18:30


Bitcoin ETF Breaks Records: BlackRock’s IBIT Joins Elite ‘$10 Billion Club’ Amidst Soaring Demand

The demand for spot Bitcoin exchange-traded funds (ETFs) has surged since their recent approval on January 10, with BlackRock’s IBIT Bitcoin ETF leading the way. This ETF has reached impressive milestones in less than two months, attracting significant investor interest and opening doors for various market participants to invest in the largest cryptocurrency directly.

2024-3-3 00:30


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