BlackRock's iShares Bitcoin Trust ETF (IBIT) has surpassed its iShares Gold ETF (IAU) in net assets, marking a significant achievement for the rapidly growing cryptocurrency markets. IBIT, which was launched only in January, has accumulated over $33.17 billion in value, while the gold ETF, established in 2005 and acquired by BlackRock in 2009, holds $32.96 billion. This growth comes after a week of market excitement following Donald Trump's re-election, which surged investor interest in cryptocurrencies. The trading volume of IBIT reached an all-time high after Trump's victory, indicating strong demand as investors anticipate favorable regulatory changes in the crypto space. Currently, BlackRock's Bitcoin ETF is the largest among the 11 spot Bitcoin ETFs available on Wall Street, compared to Grayscale’s $16.79 billion in assets. This trend emphasizes the growing perception of Bitcoin as a viable alternative to gold as a store of value.

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