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

The second half of stablecoins no longer belongs to the crypto circle
What Coinbase doesn't want, Mastercard is eager to buy.

Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation
Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.

The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations
Provide an Investor Relations Best Practices Guide for Crypto Projects.

Is the income of pump.fun real, earning a million dollars a day despite the market downturn?
If it can really earn this much, what is the reason for the low price of $PUMP?

The real reason why tokens are not selling: 90% of crypto projects neglect investor relations
Investor Relations Practice Guide for Cryptocurrency Projects.

Who is the true winner of the "Tokenization" narrative?
Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.

Moss: The Era of AI-Traded by Anyone | Project Introduction
AI Trading Agent is rapidly growing its infrastructure.

Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update
AI chips have become a strategic asset more sensitive than missiles

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.

Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K
When the grocery shopping auntie on the subway, or Tony the hairdresser, start asking you about BTC, crypto, and cryptocurrency investments, selling immediately will be the only best option.

Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?
Imperial College London MetaGame: AI Agent × Web3 Landing Three Major Directions.

Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis
The future of competition is not only about whose model is bigger, whose computing power is stronger, but also about who understands the industry better, who can more deeply integrate AI into real processes, and who can organize these capabilities into a set of executable, scalable systems
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Crypto_Trade shows how structured inputs and controlled adaptability can build a more stable and reliable AI crypto trading bot within the WEEX AI Trading Hackathon, highlighting a practical path toward scalable AI trading systems.

AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition
When Bezos starts using AI to buy factories instead of building data centers, it shows that he believes the next wave of AI's value is not inside the box.

When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer
Hardness is a protocol-level commitment to Ethereum core properties, including censorship resistance, privacy, security, and permissionlessness.

Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1
The real enemy is no longer each other, but zero cost itself

$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor
Bezos doesn't invest in a new model; he invests in a supply chain.

Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.
No brand, no marketing, let developers vote with their feet in 8 days
The second half of stablecoins no longer belongs to the crypto circle
What Coinbase doesn't want, Mastercard is eager to buy.
Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation
Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.
The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations
Provide an Investor Relations Best Practices Guide for Crypto Projects.
Is the income of pump.fun real, earning a million dollars a day despite the market downturn?
If it can really earn this much, what is the reason for the low price of $PUMP?
The real reason why tokens are not selling: 90% of crypto projects neglect investor relations
Investor Relations Practice Guide for Cryptocurrency Projects.
Who is the true winner of the "Tokenization" narrative?
Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.