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BlackRock’s Bitcoin (BTC<\/a>) exchange-traded fund (ETF) now holds more assets than the asset manager’s gold ETF despite only launching in January, data from BlackRock shows.<\/p>\n iShares Bitcoin Trust (IBIT) exceeds $33 billion in net assets as of Nov. 8, surpassing iShares Gold Trust (IAU), which holds just shy of that amount, according to iShares.<\/p>\n It’s an “absolutely wild” feat because IBIT launched only 10 months ago, whereas IAU has been trading since 2005, Nate Geraci, president of The ETF Store, said in a Nov. 8 post<\/a> on the X platform.<\/p>\n Source: <\/em>Nate Geraci<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n Related: BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high<\/p>\n The crypto market surged following Donald Trump’s victory in the United States presidential election, as many believe his win will benefit the industry, Cointelegraph Research said<\/a>.<\/p>\n Nov. 6 was IBIT’s “biggest volume day ever<\/a>” as investors flocked to cryptocurrencies after Trump’s election win, Bloomberg ETF analyst Eric Balchunas said in a Nov. 6 X post<\/a>.<\/p>\n On Nov. 7, IBIT clocked $1.1 billion in inflows<\/a>, reclaiming inflow status after two consecutive days of outflows totaling $113.3 million, according to Farside data<\/a>.<\/p>\n Meanwhile, Bitcoin continued the trend of consecutive daily all-time highs<\/a> as BTC’s price traded above $76,800.<\/p>\n Top ETF launches. Source: The ETF Store <\/em><\/p>\n<\/figcaption><\/figure>\n Bitcoin has dominated the ETF landscape this year, accounting for six of the top 10 most successful launches in 2024, Geraci said in an X post<\/a>.<\/p>\n Of the approximately 400 new ETFs launched in 2024, the four biggest launches by inflows have all been spot BTC ETFs, Geraci said in September<\/a>.<\/p>\n Trump’s presidential win is a greenlight<\/a> for more than half a dozen proposed crypto ETFs waiting on regulatory approval to list in the US.<\/p>\n In 2024, asset managers submitted a flurry of regulatory filings to list ETFs holding altcoins, including Solana (SOL<\/a>), XRP (XRP<\/a>) and Litecoin (LTC<\/a>), among others.<\/p>\n Issuers are also waiting on approval for several planned crypto index ETFs designed to hold diverse baskets of tokens.<\/p>\n The filings were effectively “call options on a Trump victory<\/a>” in the US presidential race, Balchunas said on Oct. 25.<\/p>\n