BlackRock's IBIT surpasses SPDR Gold Trust in year-to-date inflows

BlackRock’s spot Bitcoin ETF, IBIT, has surpassed the SPDR Gold Trust (GLD)—the world’s largest gold ETF—in year-to-date net inflows, according to CoinDesk. Bloomberg Senior ETF Analyst Eric Balchunas reported that IBIT has recorded $6.96 billion in net inflows this year, ranking sixth among all exchange-traded funds, while GLD followed with $6.5 billion, placing seventh. He noted that this trend reflects growing institutional confidence in Bitcoin’s long-term prospects and reinforces projections that Bitcoin ETF assets could reach three times those of gold ETFs within the next three to five years.