BlackRock’s iShares Gold Trust (IBIT) has achieved a significant milestone by exceeding $70 billion in assets under management, according to Bloomberg Senior ETF Analyst Eric Balchunas. This rapid growth marks IBIT as the fastest ETF to reach this valuation, accomplishing the feat in only 341 days. This pace is notably five times quicker than the previous record set by the SPDR Gold Shares (GLD), which took 1,691 days to hit the same benchmark. The accelerated accumulation of assets in IBIT reflects increasing investor confidence in gold-backed ETFs as a strategic hedge amid volatile market conditions. This development underscores the growing prominence of gold ETFs in portfolio diversification and highlights BlackRock’s dominant position in the exchange-traded fund landscape.
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