BlackRock’s Spot Bitcoin ETF Tops World’s Largest Gold Fund in Inflows This Year

CN
coindesk
Follow
3 days ago


The price of gold has surged almost 29% this year, solidly beating the 3.8% gain in bitcoin (BTC). Even so, that's failed to deter investors eager to add the largest cryptocurrency to their portfolios.

BlackRock's spot bitcoin ETF (IBIT) has attracted a net $6.96 billion in inflows since the start of the year, the sixth-largest amount of all exchange-traded funds, according to data from Bloomberg's senior ETF analyst, Eric Balchunas. SPDR Gold Trust (GLD), the world's largest physically backed gold ETF, slipped to the number seven position Monday with net inflows of $6.5 billion.

IBIT's outperformance indicates institutions' persistent confidence in bitcoin's long-term prospects despite the relatively dour price performance. Gold has climbed $3,384, largely due to wrangles over international trade, renewed inflation concerns and geopolitical tensions. While BTC, called by some as digital gold, hit a record high in January, it's now more than 10% below that level.

"To take in more cash in that scenario is really good sign for long term, and inspires confidence in our call that BTC ETFs will have triple gold's aum in 3-5yrs," Balchunas said on X.

Top ETFs by year-to-date inflows. (Eric Balchunas/Bloomberg)



免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

OKX:注册返20%
链接:https://www.okx.com/zh-hans/join/aicoin20
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink