Share this article
Market News
BlackRock’s Spot Bitcoin ETF Tops World’s Largest Gold Fund in Inflows This Year
BTC
$97,255.49
+
1.01%
ETH
$1,818.99
+
0.29%
USDT
$1.0002
+
0.00%
XRP
$2.1344
–
1.03%
BNB
$602.32
+
0.03%
SOL
$147.93
+
1.09%
USDC
$1.0000
–
0.01%
DOGE
$0.1724
+
0.37%
ADA
$0.6715
–
0.36%
TRX
$0.2489
+
1.12%
SUI
$3.3527
–
0.34%
LINK
$13.86
+
0.85%
AVAX
$19.64
–
1.87%
LEO
$8.7730
+
0.11%
XLM
$0.2611
–
0.92%
SHIB
$0.0₄1281
+
0.65%
TON
$3.0259
–
0.02%
HBAR
$0.1765
–
0.57%
BCH
$368.25
+
0.12%
HYPE
$21.23
+
1.03%
By Omkar Godbole|Edited by Sheldon Reback
Updated May 7, 2025, 3:56 p.m. Published May 7, 2025, 9:24 a.m.
- IBIT has surpassed the SPDR Gold Trust in year-to-date inflows despite BTC’s dour price performance.
- Resilient inflows represents institutional investors’ confidence in bitcoin’s long-term prospects.
The price of gold has surged almost 29% this year, solidly beating the 3.8% gain in bitcoin (BTC). Even so, that’s failed to deter investors eager to add the largest cryptocurrency to their portfolios.
BlackRock’s spot bitcoin ETF (IBIT) has attracted a net $6.96 billion in inflows since the start of the year, the sixth-largest amount of all exchange-traded funds, according to data from Bloomberg’s senior ETF analyst, Eric Balchunas. SPDR Gold Trust (GLD), the world’s largest physically backed gold ETF, slipped to the number seven position Monday with net inflows of $6.5 billion.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Long & Short Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.
IBIT’s outperformance indicates institutions’ persistent confidence in bitcoin’s long-term prospects despite the relatively dour price performance. Gold has climbed $3,384, largely due to wrangles over international trade, renewed inflation concerns and geopolitical tensions. While BTC, called by some as digital gold, hit a record high in January, it’s now more than 10% below that level.
“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,” Balchunas said on X.
Omkar Godbole is a Co-Managing Editor on CoinDesk’s Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
