BlackRock’s spot Bitcoin ETF tops world’s largest Gold fund in inflows this year

Cryptos | 05/07/2025 10:55:56 GMT

The price of Gold has surged almost 29% this year, solidly beating the 3.8% gain in $BTC . Even so, that's failed to deter investors eager to add the largest cryptocurrency to their portfolios.

BlackRock's spot $BTC 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.

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