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The iShares Bitcoin ETF (IBIT) has surpassed the Gold ETF in AUM.

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The iShares Bitcoin ETF (IBIT) has surpassed the Gold ETF in AUM.

https://preview.redd.it/a33906l2ctzd1.png?803&format=png&auto=webp&s=199ffbb42d44b3437d8b7be359ee829e53a76048

Based on data from the following site: https://etfdb.com/compare/market-cap/, today the IBIT ETF has surpassed its gold counterpart(IAU) in AUM, and we have yet to see the most recent Bitcoin flows recorded.

Similarly, the assets under management of Bitcoin-based ETFs are far higher than those based on silver. However, we have yet to surpass silver in market capitalization, which could suggest an undervaluation in price.

submitted by /u/DanielYanez24
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