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Asset growth rate comparison between BlackRock's Bitcoin ETF and US Gold ETFs for 2024
4
Resolution / Starting Odds
Bitcoin ETF grows faster • 25%
Gold ETF grows faster • 25%
Growth rates are about the same • 25%
Both decline • 25%
Publicly available financial market data
Story
BlackRock's Bitcoin ETF Holds $18B, Ends 71-Day Inflow Streak, Nears GBTC
Apr 25, 2024, 10:50 AM
BlackRock's Bitcoin ETF has recently achieved significant milestones, holding 273,596 BTC worth approximately $18 billion, surpassing MicroStrategy's holdings by 59,350 BTC. The ETF reached the same level of assets under management as the Gold ETF in just 71 days, a feat that took the latter 808 days. However, after a period of consistent inflows, the ETF experienced its first day with $0 inflows, ending a 71-day streak of positive inflows. This shift occurs as the ETF is just 30,000 BTC away from surpassing GBTC's holdings. Meanwhile, overall US Bitcoin ETFs now account for 55.8% of the size of US Gold ETFs, with a total AUM of $58.3 billion. Notably, BlackRock bought 571 BTC yesterday, while 450 Bitcoin are mined per day.
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Similar markets
IBIT grows the most • 25%
Another ETF surpasses IBIT • 25%
IBIT maintains current growth rate • 25%
IBIT growth slows down significantly • 25%
Increase by more than 20% • 25%
Increase by 10% to 20% • 25%
Increase by less than 10% • 25%
Decrease in holdings • 25%
Outperforms S&P 500 • 50%
Does not outperform S&P 500 • 50%
Spot Bitcoin ETFs have higher growth • 50%
Bitcoin Futures ETFs have higher growth • 50%
Significant increase in ETF assets • 33%
Moderate increase • 33%
No significant change • 34%
Outperforms • 33%
Matches • 33%
Underperforms • 33%
BlackRock's IBIT • 40%
Grayscale's GBTC • 30%
Fidelity's Bitcoin ETF • 20%
Other • 10%
BlackRock's iShares Bitcoin Trust • 33%
Fidelity's Bitcoin Trust • 33%
Other • 33%