TechFlow news, according to Nate Geraci, President of The ETF Store, BlackRock's Bitcoin exchange-traded fund iShares Bitcoin ETF (IBIT) has surpassed its gold exchange-traded fund iShares Gold ETF (IAU) in assets under management.
Geraci stated on social media: "The iShares Bitcoin ETF (IBIT) has now exceeded the iShares Gold ETF (IAU) in assets under management. This milestone was achieved in just 10 months. In contrast, IAU was launched in January 2005. This development is absolutely astonishing."
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