BlackRock Bitcoin ETF Surpasses Gold and S&P 500 ETFs

A significant milestone has been reached by BlackRock’s Bitcoin Exchange Traded Fund (ETF), with the asset surpassing traditional gold and S&P 500 ETFs in terms of growth. This rapid expansion is fueled by a surge in institutional demand, as $336 million worth of assets was added to the ETF on a single day alone. The impact of this development is expected to be felt across other cryptocurrencies as well.