iShares Bitcoin Trust Surpasses Gold Trust In AUM
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The iShares Bitcoin Trust (IBIT) has recently surpassed the iShares Gold Trust (IAU) in terms of assets under management, reaching a value of $34.3 billion.
This significant milestone coincides with the recent surge in Bitcoin’s price above $80,000, further fuelled by the positive sentiment surrounding the new administration.
Data: eToro, FactSet, Morningstar, S&P Capital IQ, ProRealTime, MarketScreener