BlackRock's Bitcoin ETF assets surpassed its gold ETF in just 10 months

ChainCatcher news, according to Nate Geraci, president of The ETF Store, the assets of BlackRock's Bitcoin exchange-traded fund iShares Bitcoin ETF (IBIT) have surpassed those of its gold exchange-traded fund iShares Gold ETF (IAU).

Geraci stated on social media: "The assets of the iShares Bitcoin ETF (IBIT) have now surpassed those of the iShares Gold ETF (IAU). This achievement took only 10 months. In comparison, IAU was launched in January 2005. This development is absolutely astonishing."