BlackRock’s Bitcoin ETF Surpasses Gold in 2024 Inflows

The iShares Bitcoin Trust from BlackRock attracted $6.9 billion in 2024, surpassing the biggest gold-backed fund in total investments. Through May 6, IBIT reported $6.9 billion of total yearly inflows: more than SPDR Gold Shares that received $6.5 billion, even with gold prices at their highest level ever.

According to Bloomberg’s Senior ETF Analyst Eric Balchunas, IBIT now leads all U.S. funds with $6.9 billion in this year’s investments but stands as number six on the total assets. He said:

“To take in more cash in that scenario is really good sign for long term, and inspires confidence in our call that BTC ETFs will have triple gold’s aum in 3-5yrs.”

Bitcoin ETF Inflows Surge Past Gold

Over the last year, gold prices reached their highest level ever at $3,500 an ounce, while global investment reserves expanded to 26-year record levels at 18%. Despite a helpful market environment, Bitcoin receives most investment interest because it represents a fresh storage option.

IBIT grows because investors keep depositing money into the fund at historic levels. SoSo Value shows that IBIT has received money from investors for 15 consecutive trading days, which is more than any other Bitcoin ETF trading in the U.S. In the recent week, IBIT got $2.5 billion as investments with $531 million entering on May 5, showing that demand remains strong.

Nate Geraci from ETF Store explains that investors have changed their behavior during this new market shift. He said:

“I remember when it was all just degen retail buying.”

Investors want regulated Bitcoin exposure because global market risks are rising. Investors who prioritize familiar assets can get Bitcoin exposure through tradable IBIT products instead of directly purchasing digital coins.

The rising desire of institutions to invest in IBIT could show both Bitcoin’s positive trend and investors’ rethinking of digital asset value in today’s digital-beat world.