Trading data reveals that BlackRock’s Bitcoin ETF, IBIT, has surpassed the firm’s gold ETF offering. This comes despite the fact that gold is also enjoying intense price rallies.

A cocktail of positive signals, such as Donald Trump’s election and US interest rate cuts, is fueling this stupendous growth.

BlackRock’s Record-Breaking Inflows

According to recent trading data, BlackRock’s Bitcoin ETF (IBIT) is now larger than its Gold ETF. This remarkable milestone occurred while Bitcoin enjoyed an all-time high, but it is more impressive because gold has also been at its highest price since 1980. This figure plays into the long-time argument that Bitcoin is “digital gold,” with higher potential as a new store of value.

BlackRock’s IBIT has dramatically surged in value recently. By late October, it was already trading at a six-month high, and showed strong signs of new momentum. Since Donald Trump won re-election, however, this momentum was turbocharged, and the Bitcoin ETFs saw their highest single-day inflows with IBIT leading the pack.

Trump’s surprising Presidential victory is apparently creating a potent cocktail of bullish signals for the entire crypto sphere. The impact might be even more pronounced for Bitco

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Author: Landon Manning