BlackRock’s Bitcoin ETF Surpasses Gold Rival With $6.96B in Inflows This Year
By: crypto news|2025/05/07 23:30:02
0
Share
BlackRock’s spot Bitcoin exchange-traded fund (IBIT) has recorded $6.96 billion in net inflows since the start of 2025, surpassing the SPDR Gold Trust (GLD) to become the sixth most popular ETF by inflows.GLD, the world’s largest physically backed gold ETF, slid to seventh place on Monday with $6.5 billion in net inflows, according to Bloomberg’s senior ETF analyst Eric Balchunas.The shift highlights a growing preference among institutional investors for digital assets over traditional safe-haven assets like gold.Investors Remain Confident in Bitcoin Compared to GoldDespite Bitcoin’s recent price dip, which is down more than 10% from its January peak, investors appear confident in the cryptocurrency’s long-term value.In contrast to Bitcoin, gold has climbed more than $3,000 this year amid concerns over inflation, global trade tensions, and geopolitical instability.Balchunas noted on X that the strong inflows into IBIT are “a really good sign for the long term” and support projections that Bitcoin ETFs could eventually hold three times as much capital as their gold counterparts.$IBIT took in another half a billion yest, extending inflow streak to 15 days and is now 6th in YTD flows, passing $GLD which is notable bc IBIT is only up 4% vs GLD having the run of its life. To take in more cash in that scenario is really good sign for long term, and inspires... pic.twitter.com/9HWqYxtyJ4— Eric Balchunas (@EricBalchunas) May 6, 2025As reported, spot Bitcoin ETFs are driving an aggressive wave of accumulation, buying nearly six times more Bitcoin last week than was created by miners.According to a May 4 report from asset allocator HODL15Capital, spot Bitcoin ETFs acquired 18,644 BTC over the past week.In contrast, only 3,150 BTC were mined during the same period, roughly 450 coins per day.While spot Bitcoin and Ethereum ETFs have already received approval, the SEC has yet to greenlight any ETF product with staking functionality — something already seen in markets like Canada and Europe.In a parallel development, the Crypto Council for Innovation, backed by major firms including a16z crypto, Consensys, and Kraken, has called on the SEC for regulatory clarity on staking.In a letter to Commissioner Hester Peirce, the coalition argued that staking is a technical process, not a securities transaction, and urged the agency to support its responsible inclusion in ETFs.Currently, more than 70 crypto ETF applications are awaiting a decision from the SEC, according to Bloomberg.Bitcoin Holds Momentum as Markets Await Fed ClarityIn its latest pre-FOMC market update shared with Cryptonews.com, Nansen noted a shift toward cautious optimism as investors anticipate three rate cuts from the Federal Reserve in 2025, beginning potentially in July.While no changes are expected at the upcoming meeting, the broader market outlook has improved, pricing in reduced recession risk and more benign macro outcomes.US consumption has slowed but remains resilient at 1.8% annualized, with some pressure on low- and middle-income households.Inflation, particularly in services, remains above the Fed’s target, while jobless claims have edged higher but are not signaling a labor market breakdown.Fiscal policy proposals such as tax cuts and manufacturing incentives offer upside, though uncertainty over trade negotiations persists.Bitcoin’s technicals have strengthened compared to equities, Nansen said.The firm added that BTC continues its upward trend, bolstered by strong momentum indicators, favorable moving averages, and renewed inflows into spot ETFs.In contrast, the S&P 500 has failed to break above its 200-day moving average, suggesting market hesitance toward riskier equity exposure.Despite the overall improvement in sentiment, Nansen notes that optimism has already been partially priced in.This reduces the asymmetry of the most bullish outlook and increases the need for fresh upside catalysts, particularly progress on trade policy.The post BlackRock’s Bitcoin ETF Surpasses Gold Rival With $6.96B in Inflows This Year appeared first on Cryptonews.
You may also like

Ten Thousand Words Interpretation of STRC: Strategy for Making Money to Buy Coins New Magic
The real momentum of the BTC rebound - for every 1 dollar of STRC issued, there corresponds 3 dollars of BTC buying.

What competitive advantages are still defensible in the AI era?
Based on the signals received, determine the direction, and act immediately

For Whom the Bell Tolls, For Whom the Lobster Feeds? A Dark Forest Survival Guide for the 2026 Agent Player
If an AI has read Machiavelli and is much smarter than us, they would be very good at manipulating us — and you wouldn't even realize what's happening.

Circle CEO's Latest Interview: Stablecoins Are Not Cryptocurrency
The true meaning of a stablecoin is to turn the US dollar into an internet-native currency and eventually create an internet financial platform

Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?
When a physical industry company injects physical assets into a Layer 1 project, it can easily create a valuation of 950 million dollars by calculating several times the value of the physical assets. Is this kind of capital game too outrageous? Does the crypto market really need such RWAs?

a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.

Why did the star Web3 project Across Protocol choose to abandon DAO?
The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.

In fact, ETH scaling is a major benefit for L2
ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.

Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.

BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.

50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.

The Cryptographic Past of the Middle East
Reality is often more exciting than fiction.

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.

On the eve of the explosion of on-chain options
Options are becoming a new anchor in the cryptocurrency market.

WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
Ten Thousand Words Interpretation of STRC: Strategy for Making Money to Buy Coins New Magic
The real momentum of the BTC rebound - for every 1 dollar of STRC issued, there corresponds 3 dollars of BTC buying.
What competitive advantages are still defensible in the AI era?
Based on the signals received, determine the direction, and act immediately
For Whom the Bell Tolls, For Whom the Lobster Feeds? A Dark Forest Survival Guide for the 2026 Agent Player
If an AI has read Machiavelli and is much smarter than us, they would be very good at manipulating us — and you wouldn't even realize what's happening.
Circle CEO's Latest Interview: Stablecoins Are Not Cryptocurrency
The true meaning of a stablecoin is to turn the US dollar into an internet-native currency and eventually create an internet financial platform
Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?
When a physical industry company injects physical assets into a Layer 1 project, it can easily create a valuation of 950 million dollars by calculating several times the value of the physical assets. Is this kind of capital game too outrageous? Does the crypto market really need such RWAs?
a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.