:black::rock:BlackRock's #Bitcoin ETF, $IBIT, is now worth nearly double BlackRock's gold ETF, $IAU. which was launched in 2005.
:topreward:Random Sat Rewards:topreward:
Discussion
This only reinforces how Bitcoin is gaining ground as a store of value. These giants always enter at the peak, likely exit during the dip, and then re-enter at the next high...
In this race, bitcoin will win, just look at the progress below (the question is, will there be bitcoin left to buy?):
Assets Under Management (AUM):
$IBIT: Approximately $33.17 billion.
$IAU: Approximately $32.9 billion.
Time to Reach Milestones:
$IBIT: Achieved $10 billion in AUM within the first two months.
$IAU: Took nearly two years to reach a similar milestone.