IBIT has outperformed gold ETF by 33 percentage points since March

Bloomberg ETF analyst Eric Balchunas stated that BlackRock's spot Bitcoin ETF, IBIT, has outperformed the gold ETF GLD in terms of returns since March. He noted on X that IBIT's performance has surpassed GLD's by 33 percentage points during this period. Balchunas also highlighted a $13 billion gap in fund flows, with IBIT attracting $4.2 billion in inflows while GLD experienced $9 billion in outflows over the same timeframe.