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.

origin »

Bitcoin (BTC) на Currencies.ru

$ 89617.58 (+0.05%)
Объем 24H $59.099b
Изменеия 24h: -1.88 %, 7d: -1.16 %
Cегодня L: $89035.17 - H: $89763.64
Капитализация $1788.616b Rank 1
Цена в час новости $ 64393.77 (39.17%)

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


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Solana price climbs 10% amid broader crypto gains: SOL to $200 next?

Solana has been leading the major-cap crypto segment over the past 24 hours, jumping more than 10% to climb back above $140. The move has renewed optimism among traders, with the rebound pushing SOL above a key downtrend level and signalling improved short-term momentum.

Solana meme trading volume dips below 5%

The overall cryptocurrency market has struggled with overwhelming selling pressure in recent weeks, with volatility and liquidity thinning dominating the sector. Meanwhile, the broader uncertainty has influenced trading behaviour on several chains, and Solana is feeling the heat.