Latest news with #iSharesBitcoinTrust
Yahoo
2 days ago
- Business
- Yahoo
Gold ETF Gains Outpace Bitcoin Funds in 2025
Gold exchange-traded funds are outperforming Bitcoin ETFs in 2025, with the SPDR Gold Shares (GLD) posting a 24.4% year-to-date return compared to 14.5% for the iShares Bitcoin Trust ETF (IBIT), according to FactSet data. The performance gap highlights a shift in investor preferences as precious metals regain favor over cryptocurrency investments. According to the FactSet data, GLD has attracted $8.3 billion in net flows year to date, while BlackRock's IBIT pulled in $14.9 billion despite lower returns. The divergence comes as Bloomberg Intelligence suggests gold could continue outpacing Bitcoin, with analysts pointing to potential market reversions and risk-asset appreciation cycles that may favor traditional safe-haven assets over volatile cryptocurrencies. According to Bloomberg's research, gold's year-to-date gain of about 25% through April versus Bitcoin's roughly 10% decline could signal a trend reversal, with the U.S. stock market potentially reaching a valuation apex that favors precious metals over speculative digital assets. GLD's monthly performance shows the gold ETF declined 1.4% over the past month, along with quarterly gains of just over 6%, according to the FactSet data. The fund has assets under management of $101.9 billion and carries a 0.4% expense ratio. IBIT posted a 1.2% gain over the past month and a 27.7% gain over three months, according to FactSet. The fund has $74.7 billion in assets and charges a 0.25% expense ratio. The precious metals sector extends beyond gold, with the iShares Silver Trust (SLV) posting a 23.9% year-to-date return that nearly matches gold's performance. According to FactSet data, BlackRock's silver ETF gained 7.7% over the past month and 5.2% over three months. SLV attracted $644.3 million in year-to-date flows and $636.5 million over the past month, according to FactSet. The fund has $17.5 billion in assets under management and a 0.5% expense ratio. Bloomberg Intelligence analysis suggests a shift away from risk assets and concerns about government spending could boost precious metals further. The research indicates cryptocurrencies may face pressure as markets reverse from recent peaks, with their high volatility working against them. Monthly flow data show gold funds continue attracting capital despite recent price volatility, with GLD pulling in $2.7 billion over the past month. IBIT maintained strong inflows of $3.2 billion during the same period, according to FactSet | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
BlackRock's Bitcoin Fund Becomes Quickest ETF to Top $70 Billion
BlackRock, Inc. (NYSE:BLK) is one of the best stocks for a . The company's iShares Bitcoin Trust (IBIT), the biggest Bitcoin ETF available, has reached $70 billion in assets faster than any ETF before it, marking another major achievement. According to Bloomberg analyst Eric Balchunas, IBIT, the leading option among the 12 Bitcoin ETFs currently on the market, hit the milestone on June 9, 341 days after its launch. Balchunas noted on X that IBIT reached that level '5x faster than the old record held by GLD of 1,691 days,' referring to State Street's well-known gold ETF. Though firms like Fidelity and VanEck also offer Bitcoin ETFs, none match BlackRock's in size. Fidelity's FBTC holds $20 billion, while Grayscale's GBTC trails slightly with just under $20 billion. IBIT and ten other Bitcoin ETFs made their debut early last year following long-awaited approval from the Securities and Exchange Commission. Their launch highlighted strong investor interest in gaining exposure to Bitcoin's price, with IBIT pulling in over $1 billion in assets during its first four days. By November, BlackRock, Inc. (NYSE:BLK)'s Bitcoin ETF had outpaced its gold ETF in assets, becoming the largest among the firm's 1,400 global funds. While we acknowledge the potential of BLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
BlackRock's Larry Fink has a blunt response to exit rumors
BlackRock's Larry Fink has a blunt response to exit rumors originally appeared on TheStreet. BlackRock, Inc. (NYSE: BLK) CEO Larry Fink has shut down rumors of his exit from the firm, saying: I'm not planning to leave BlackRock anytime soon, so you don't have to have those questions later on. Fink, who co-founded BlackRock in 1988, put an end to such speculations while speaking to an audience at the firm's annual investor day in New York City on June 12. The firm is the world's largest asset manager that managed $11.5 trillion in assets under management (AUM) as of 2024. It is also among the first Wall Street giants to include crypto-linked funds among its offerings. Under Fink's leadership, the asset manager launched a spot Bitcoin exchange-traded fund (ETF) called the iShares Bitcoin Trust (IBIT) in January 2024. As per SoSoValue, IBIT held $72.55 billion in net assets as of 11 June, making it the largest such fund in the world. The fund accounts for 3.35% of total Bitcoin share. Fink also oversaw the launch of a spot Ethereum ETF called the iShares Ethereum Trust (ETHA) in July 2024 which held $4.54 billion in net assets. This fund accounts for 1.34% of total Ethereum share. The firm also stated its goal of becoming the world's largest crypto asset manager by 2030 so as to manage more than $50 billion in AUM. It also plans to expand crypto-linked funds to Europe and Canada. In the past, BlackRock selected Coinbase (Nasdaq: COIN), the largest U.S. crypto exchange, to provide crypto trading and custody services to institutional clients of Aladdin, the asset manager's end-to-end investment management platform. It also manages the Circle Reserve Fund, backing the stablecoin issuer's reserves. In addition, BlackRock also manages $2.89 billion in BlackRock USD Institutional Digital Liquidity Fund (BUIDL), a tokenized money market fund. Overall, the firm said its goal is to reach more than $35 billion in revenue and $280 billion in market capitalization by 2030. BlackRock's Larry Fink has a blunt response to exit rumors first appeared on TheStreet on Jun 12, 2025 This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared.
CNBC
12-06-2025
- Business
- CNBC
How bitcoin price's newest source of long-term support is evolving
Bitcoin may have come off the all-time high it hit in May, but the cryptocurrency is still trading above $100,000, and doing so with more consistency. Bitcoin recently held above $100,000 for 30 days, even with a 10% pullback, the first time that's ever happened. A look at the bitcoin price chart this years show that it has more or less been through a V-shaped recovery, with its early gains wiped out but a sharp turn back up to the recent all-time high, close to where it remains today. Plenty of reasons are offered for the ups and down in what has always been a volatile trade, but the biggest bitcoin ETF manager and a financial advisor who follows the cryptocurrency closely say that one source of price support that is new and won't go away is the steady, if cautious, adoption of bitcoin by financial advisors and institutional investors. After a recent week during which bitcoin ETFs suffered outflows, the bigger story remains the significant inflows this year. At iShares, the Bitcoin Trust (IBIT) had its second-highest monthly flows ever in May, at $6 billion. This year, the ETF has taken in close to $12 billion in all, and over every short-term time period — one-week ($600 million), one-month ($4.8 billion), three-month ($9.6 billion), the flows are up. "The iShares bitcoin ETF numbers are remarkable," Nate Geraci, president of the ETF Store, an investment advisor that focused on using ETFs for portfolio construction and management, said during a recent CNBC "ETF Edge" segment. It's not just the $6 billion May month he was referring to, but the fact that day-in and day-out the iShares Bitcoin Trust (IBIT) has been taking in money and is among the top five ETFs in flows across the entire industry this year. "It's only been on the market for 17 months and it's at $70 billion," Geraci said — $72 billion, as of June 12. Geraci says what is taking place in the market relates to a few factors. Becoming decoupled from the broader markets in recent weeks has helped to make a case for the asset class as one with lower correlation to other assets. But is also a testament to how financial advisors and institutional investors adopt a new asset class and, over time, they are becoming "much more comfortable with the idea of owning bitcoin in a diversified portfolio," he said. "It's a process with any new asset class," Geraci said. "Advisors and institutions don't just jump in without looking. There is education and a due diligence process and now we're hitting the point where investors are becoming more comfortable," he added. At No. 5 in flows among all ETFs year-to-date, it's only the two giant S&P 500 ETFs, VOO and SPY, an ultrashort treasuries ETF, SGOV, and the Vanguard Total Stock Market ETF, that are ahead of the iShares Bitcoin Trust. Jay Jacobs, who heads the U.S. equity ETF business at iShares, said there are three stages with any new asset class: product launch, which provides the access, followed by the education, and then the third stage of implementation, "people taking the leap to allocate." "We've seen institutions and advisors making allocation," he said. "So around stages two and three, we are very deep into those stages. We're starting to see really good tailwinds in implementation," he added. Jacobs noted that even within BlackRock, asset allocation models run by the firm on behalf of its clients have begun to incorporate the bitcoin ETF as part of alternative investment models that behave "very differently from traditional assets. ... more people are really looking for global monetary alternatives." The action in iShares Ethereum Trust (ETHA) has also been strong, second only to iShares bitcoin ETF this year in flows, with close to $1.5 billion year-to-date into the fund. Jacobs was cautious about comparing other coins to the stage of implementation with bitcoin among investors, but he did say, "What's changed in the last month are flows into the ethereum ETF," speaking to the majority of that $1 billion-plus increase coming within the last month. He also noted that trade may be more related to short-term factors — better performance for ethereum after a difficult start to the year, stablecoin policy momentum as a tailwind, and an upgrade to the ethereum protocol itself. "Bitcoin is still the vast majority of the conversation from client talks and the interest among professional investors, but we have started to see ethereum really pick up as well," Jacobs said. Geraci is of the view that it's too early in the ethereum uptake within the ETF market to compare it to the education process that has taken place with bitcoin. "I view it more as a tech play than bitcoin, which many view as digital gold. It takes time for advisors and investors to get comfortable with where it fits in a diversified portfolio. It's very early quite frankly," he said. One trend Geraci is certain of is that there will be more crypto ETFs coming. "We have a much more crypto friendly SEC and we will see a wave of crypto-related ETFs coming to market and a lot more options to wade through," he said. Disclaimer
Yahoo
12-06-2025
- Business
- Yahoo
Wall Street's hottest ETF hits $70B five times faster than S&P 500 and gold ETFs
Wall Street's hottest ETF hits $70B five times faster than S&P 500 and gold ETFs originally appeared on TheStreet. When the U.S. Securities and Exchange Commission approved the first spot Bitcoin ETFs back in January 2024, many doubted they'd move the needle. Less than 18 months later, BlackRock's iShares Bitcoin Trust (IBIT) has officially surpassed $70 billion in assets under management, making it the fastest-growing exchange-traded funds (ETFs) in history. It took IBIT just 341 trading days to hit this milestone. That's five times faster than the SPDR Gold Trust (GLD), which took 1,691 days to reach the same threshold. Even the S&P 500 ETF (VOO) needed 1,701 days to cross the $70 billion mark. According to daily net flows tracked by Farside Investors, across 11 Bitcoin spot ETFs from May 23 to June 11, IBIT alone brought in over 49,000 BTC worth of inflows, even as rivals like Grayscale's GBTC saw outflows of over 23,000 BTC in the same period. The net flows during this stretch total over 45,000 BTC, equivalent to roughly $5 billion in new exposure. On June 10 alone, IBIT saw another 336.7 BTC in inflows, a signal that institutional demand remains strong even as Bitcoin flirts with all-time highs near $110,000. The rise of Bitcoin ETFs has triggered what some analysts are calling the 'institutionalization of crypto.' Once regarded as a fringe asset class, Bitcoin is now included in wealth portfolios, pension funds, and even bank-backed investment products. BlackRock, Fidelity, and Franklin Templeton—all household names in finance—are now routinely managing crypto exposure for clients. The implications go beyond Bitcoin. Ethereum spot ETFs are currently being reviewed by the SEC, with a wave of filings from the likes of VanEck, ARK, and Invesco already in motion. Meanwhile, niche products are emerging: Ethereum staking ETFs, multi-asset crypto index funds, and even proposals for Solana, XRP, and other altcoin-based ETFs. The SEC's spot ETF approval was the final stamp of legitimacy, backed by trusted custodians, transparent pricing via CME and Coinbase benchmarks, and daily liquidity. Bitcoin is still volatile, macro conditions could shake investor confidence, and regulatory headwinds haven't disappeared. But for now, the flows are clear. Money is moving in. And fast. Wall Street's hottest ETF hits $70B five times faster than S&P 500 and gold ETFs first appeared on TheStreet on Jun 11, 2025 This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared.
