BlackRock’s Bitcoin ETF Steals the Show, Beating Gold with $7B Inflows 🚀
BlackRock’s Bitcoin ETF (IBIT) has raked in a massive $6,963.60 million in year-to-date inflows, outpacing SPDR Gold Trust (GLD) with its $6,512.83 million. Across a range of ETFs, the total fund assets hit $10,636,987.94 million, with a net inflow of $363,199 million, though the overall year-to-date return is down by 211.22%. GLD leads with a stellar +23.07% return, while JEPQ lags at -5.06%. Most of these funds are US-based, and their performance varies—some like IBIT and SGOV are up, while others like VUG and QQQM are down.
It’s pretty wild to see Bitcoin (IBIT) pulling in more cash than gold (GLD) this year—shows how much hype and trust there is in crypto right now. Gold’s still killing it on returns though, up 23%, which makes sense since it’s a classic safe-haven asset. Meanwhile, the overall negative return (-211.22%) for the group is a bit of a red flag; it suggests the broader market or these specific funds might be struggling despite the big inflows. If you’re into crypto, IBIT’s inflow is a good sign, but I’d keep an eye on those negative returns for funds like JEPQ and VUG—they’re dragging the average down. Maybe diversify a bit if you’re thinking of jumping in!
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