Bitcoin Outpaces Gold as Wall Street’s Go-To Asset

 

IBIT Surpasses GLD in a Historic Fund Flow Milestone

BlackRock’s iShares Bitcoin Trust (IBIT) has overtaken the SPDR Gold Trust (GLD) in year-to-date inflows, drawing $6.96 billion compared to GLD’s $6.51 billion. Despite gold’s standout 23.07% YTD return, the shift reflects growing institutional confidence in Bitcoin as a reliable portfolio anchor.

A Shift in Safe-Haven Strategy

Gold has traditionally reigned during times of uncertainty—especially with geopolitical tensions and a weakening dollar, triggered in part by President Trump’s new trade policies. Yet Bitcoin has taken the spotlight in 2025, defying conventional expectations and drawing strong inflows despite modest returns of just 4.03%.

According to Bloomberg’s Eric Balchunas, IBIT now ranks sixth in YTD ETF inflows across all U.S. funds. This suggests investors are embracing Bitcoin as more than a speculative bet—it’s increasingly seen as a hedge, a store of value, and a future-proof asset.

Regulatory Tailwinds Fuel Bitcoin’s Institutional Boom

IBIT’s rise comes amid significant regulatory breakthroughs. Most notably, the rollback of the SEC’s controversial SAB 121 rule allowed major banks to re-enter the crypto custody space. This shift has unlocked new demand from traditional finance, accelerating Bitcoin’s march into mainstream portfolios.

On April 28 alone, IBIT pulled in $970.9 million—its second-largest daily inflow ever—pushing total holdings above 600,000 BTC. That’s three times more than Fidelity’s FBTC, its nearest rival.

Bitcoin’s Market Momentum Keeps Building

At the time of writing, Bitcoin is trading around $97,026, up nearly 3% on the day. Over the past 30 days, it has climbed 29%, with a 52% increase year-over-year. Weekly gains also outpaced broader market growth, with BTC up 2.2% versus the market’s 1.9%.

With strong inflows, rising institutional interest, and improving regulatory clarity, Bitcoin is rapidly establishing itself as Wall Street’s modern-day safe haven—one that could soon outshine gold entirely.

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