BlackRock's Bitcoin Spot ETF has seen inflows surpassing those of the world's largest gold ETF this year

ChainCatcher news, according to CoinDesk, despite Bitcoin's year-to-date increase of 3.8% being far less than gold's 29% surge, BlackRock's spot Bitcoin ETF (IBIT) still ranks sixth in the U.S. ETF fund inflows with a net inflow of $6.96 billion, surpassing the world's largest gold ETF (GLD) at $6.5 billion. This phenomenon shows that institutional investors remain optimistic about the long-term value of cryptocurrencies.

Gold benefits from geopolitical tensions and inflation concerns, standing at $3,384 per ounce, while Bitcoin has fallen over 10% from its historical high in January. Analysts point out that the continued capital inflow during periods of weak prices confirms Bitcoin's asset allocation value as "digital gold," and it is expected that the BTC ETF scale will reach three times that of the gold ETF within 3-5 years.