Gold

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrocks-bitcoin-trust-overtakes-gold-trust" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin Trust Overtakes Gold Trust</a><br></p>
<p style="text-align: justify">In a significant shift within the investment landscape, BlackRock’s iShares <a href="https://en.bitcoinhaber.net/bitcoins-stellar-opening-to-2024-market-value-soars-and-analysts-weigh-in" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> Trust (IBIT) has eclipsed the iShares Gold Trust (IAU) in total assets, reaching $33.2 billion. This remarkable growth occurred just two days following the election of Donald Trump, whose crypto-friendly policies have influenced market dynamics.</p>
<h2 id="how-do-bitcoin-and-gold-compare">How Do Bitcoin and Gold Compare?</h2>
<p style="text-align: justify">The surge in IBIT’s assets highlights a growing preference among BlackRock’s clientele for Bitcoin over traditional Gold investments. Such a shift suggests that Bitcoin is currently outperforming Gold in the marketplace.</p>
<h2 id="what-impact-did-the-election-have-on-markets">What Impact Did the Election Have on Markets?</h2>
<p style="text-align: justify">Following Trump’s electoral win, Bitcoin’s value surged nearly 12%, reaching record highs, as Gold prices stabilized around $2,686 per ounce after peaking at $2,789. This reflects a marked difference in market reactions to the new administration.</p>
<p style="text-align: justify">The U.S. spot Bitcoin ETFs saw about $1.4 billion in net inflows recently, driven by a heightened appetite for riskier assets. The Federal Reserve’s decision to reduce interest rates by 25 basis points further fueled this demand.</p>
<ul>
 <li>IBIT constitutes 42% of the total net assets held by 11 U.S. spot Bitcoin ETFs, which amount to $78.5 billion.</li>
 <li>ETF inflows for Bitcoin have significantly outperformed those for Gold, indicating a rising trend.</li>
 <li>IBIT’s launch in January 2024 underlines the increasing acceptance of cryptocurrencies in financial markets.</li>
</ul>
<p style="text-align: justify">This trend signifies a pivotal moment as institutional interest in Bitcoin grows, challenging the long-held dominance of Gold as a safe asset. The implications for the financial market and traditional commodities could be profound as this new era of investment unfolds.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/blackrocks-bitcoin-trust-overtakes-gold-trust" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin Trust Overtakes Gold Trust</a></h5>

BlackRock’s Bitcoin Trust Overtakes Gold Trust

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