BlackRock's Bitcoin ETF Has More Assets Than Its Gold ETF—Which Is Almost 20 Years Old

investopedia.com:

BlackRock’s iShares Bitcoin Trust (IBIT) this week surpassed the firm’s longstanding iShares Gold Trust (IAU) in net assets.

As of Thursday, IBIT’s assets reached $33.2 billion, overtaking the $32 billion held in BlackRock’s gold ETF. One key difference: While IBIT was launched earlier this year, IAU has been trading since 2005.

IAU started the year with a roughly $25 billion head start on IBIT; BlackRock's «digital gold» offering has now caught up in a matter of months. (IBIT still has a long way to go in terms of competing with the largest gold ETF, as SPDR Gold Shares (GLD) holds $76 billion worth of gold.)

While gold has performed well this year, with its price increasing around 80%, bitcoin (BTCUSD) has fared even better, rising 80% year-to-date performance thus far. The leading cryptocurrency hit another all-time high, rising above $77,000, Friday.

The recent rise in IBIT’s value has come after a rally in bitcoin partly attributed to Donald Trump’s election win. On Thursday, U.S. spot Bitcoin ETFs saw inflows nearing $1.3 billion, with BlackRock’s IBIT accounting for $1.1 billion of that total, according to Farside Investors.That was an all-time high for IBIT—or any other bitcoin ETF.