## BlackRock's IBIT Outperforms Gold: A Sign of Bitcoin's Growing Dominance? BlackRock's Bitcoin spot ETF (IBIT) is making waves in the investment world, surpassing the world's largest gold spot ETF, SPDR Gold Trust (GLD), in net inflows this year. According to Bloomberg's Eric Balchunas, IBIT has attracted a remarkable $6.96 billion in net inflows, ranking 6th among all ETFs. GLD trails closely behind at 7th with $6.5 billion. ## What This Means for Bitcoin This trend is a significant indicator of Bitcoin's growing appeal and long-term potential. Experts predict that Bitcoin ETF asset size could triple that of gold ETFs within the next 3-5 years. BlackRock IBIT's recent accumulation of 41,452 BTC (valued at $3.92 billion) in just two weeks, bringing their total holdings to 614,638 BTC (worth $58.07 billion), further solidifies this bullish outlook. The increasing investment in Bitcoin ETFs suggests a shift in investor preference towards digital assets. ```

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