Bitcoin ETFs have shattered records and achieved unprecedented milestones since their approval in January 2024. Leading this charge is BlackRock’s iShares Bitcoin Trust (IBIT), which hit a $33 billion net asset value** on Friday as Bitcoin soared to a new **all-time high above $77,000. This achievement briefly propelled IBIT ahead of BlackRock’s long-standing gold ETF in net assets—a remarkable feat for a product launched just 10 months ago.
👉 Discover how Bitcoin ETFs are reshaping institutional investing
Bitcoin ETFs vs. Gold: A Historic Shift
Gold’s Strong Performance in 2024
- Gold started the year at $2,000/ounce** and peaked at **$2,800—a 40% increase.
- Despite this, gold ETFs like BlackRock’s have seen slower inflows compared to Bitcoin ETFs.
Bitcoin’s Meteoric Rise
- Bitcoin surged 80% year-to-date, climbing from $43,000** to **$77,000.
- Its market capitalization now ranks 9th globally, trailing only silver ($1.77T) and gold ($18T+).
VanEck’s Bold Bitcoin Price Target
Jan Van Eck, CEO of VanEck, projects Bitcoin could capture half of gold’s market cap, implying a $300,000/BTC valuation. He cites:
- Institutional adoption: Accelerating ETF inflows.
- Bipartisan crypto support: Post-2024 U.S. elections.
- Scarcity value: Bitcoin’s fixed supply vs. gold’s steady mining output.
Crypto Market Update
| Asset | 24-Hr Change | Current Price |
|---|---|---|
| Bitcoin | +0.7% | $76,600 |
| Ethereum | +4.4% | $3,043 |
FAQs: Bitcoin ETFs and Price Predictions
Why did BlackRock’s Bitcoin ETF overtake its gold ETF?
IBIT benefited from record-breaking demand as institutional investors diversify into crypto, while gold ETF growth has plateaued.
Is $300,000/Bitcoin realistic?
VanEck’s forecast assumes Bitcoin captures 50% of gold’s market share. While ambitious, rising institutional interest makes it plausible long-term.
How do Bitcoin ETFs impact gold investors?
Gold remains a hedge against inflation, but Bitcoin ETFs offer higher growth potential, attracting risk-tolerant portfolios.
👉 Explore crypto investment strategies for 2025
Further Reading
- Regulatory shifts: Gary Gensler’s SEC softens crypto stance.
- Election insights: Crypto’s role in 2024 U.S. politics.
- Market trends: Polymarket’s token launch rumors.
Keywords: Bitcoin ETF, BlackRock IBIT, gold ETF, VanEck, Bitcoin price prediction, crypto market, institutional investing
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