BlackRock's IBIT is still about $30 billion short of being the largest gold ETF on the market
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Odaily Odaily News: BlackRock Group's fast-growing iShares Bitcoin Trust (IBIT) has now surpassed one of the largest gold funds in the old-school investment category. According to FactSet data, as of last Friday, the Bitcoin exchange-traded fund (ETF) had assets under management of approximately $34.3 billion, making it larger than one of the largest gold ETFs, iShares Gold Trust (IAU), which has assets under management of just under $33 billion. However, compared with the largest gold ETF on the market, SPDR Gold Shares (GLD), IBIT is still about $30 billion less. (CNBC)
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