BlackRock’s Spot Bitcoin ETF Achieves Remarkable Growth – BitRss

BlackRock, the world’s largest asset management company, has seen its spot Bitcoin $104,276 ETF, IBIT, reach an impressive asset size of $57.8 billion in just one year. In contrast, the company’s gold ETF, IAU, which has been in the market for 20 years, remains at $33.2 billion. This development highlights the increasing institutional interest in cryptocurrencies.

Spot Bitcoin ETF Grows at Unprecedented Speed

BlackRock launched its gold ETF in 2005, which has consistently attracted investors seeking a safe haven. However, by 2024, the spot Bitcoin ETF has surpassed this growth within a single year.

Spot Bitcoin ETF vs Gold ETF

According to data from the crypto analysis platform CryptoQuant, the s…