BlackRock’s (BLK) spot Bitcoin (BTC) exchange-traded fund has surpassed the world’s largest gold fund in terms of inflows this year.
Through four months of 2025, BlackRock’s Bitcoin ETF (IBIT) has attracted a net $6.96 billion of inflows, according to data from Bloomberg. That’s more than the $6.50 billion of net inflows seen in the SPDR Gold Trust (GLD), which is the world’s largest physically backed gold ETF.
That the Bitcoin ETF has attracted more investor capital than the Gold Trust is a bit surprising as the price of gold has risen nearly 30% this year compared to a 4% gain in Bitcoin. However, investor interest in crypto has risen in recent weeks as risk appetite returns to equity markets and digital assets.
Digital Gold
BlackRock’s spot Bitcoin ETF also continues to attract strong interest from institutional investors as well as individual retail investors. Referred to by some analysts and investors as “digital gold,” Bitcoin’s price hit a record high of $109,000 in January of this year but is currently trading about 10% below that level.
Gold meanwhile has hit a record high in recent weeks amid ongoing market volatility, rising above $3,500 per ounce for the first time. Bitcoin is currently trading at $97,000 per digital token, having rebounded from a recent low near $80,000.
Is BLK Stock a Buy?
The stock of BlackRock has a consensus Strong Buy rating among 10 Wall Street analysts. That rating is based on eight Buy and two Hold recommendations issued in the past three months. The average BLK price target of $1,019.56 implies 10.94% upside from current levels.
