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BlackRock’s IBIT Rises 5.8% as Trading Volume Surpasses Gold ETF GLD

BlackRock’s IBIT gained nearly 6% with $1.56 billion in trading value, ranking fifth and exceeding GLD’s $907.64 million turnover by about 72%.

BlackRock’s iShares Bitcoin Trust ETF (IBIT) recorded $1.56 billion in trading value during the session shown, placing it fifth among the ETFs in the market snapshot. IBIT traded around $45.81–$45.86, representing a daily increase of approximately 5.8%–5.9%.

 

The session placed the Bitcoin ETF ahead of one of the largest gold investment products, SPDR Gold Shares (GLD), in both percentage price movement and trading value.

IBIT Records 72% More Trading Value Than GLD

GLD traded at approximately $398.96, up 0.15%, with trading value of $907.64 million. That placed the gold ETF ninth in the displayed ranking.

IBIT’s $1.56 billion turnover was approximately $652 million higher than GLD’s, meaning IBIT recorded about 72% more trading value during the measured session.

The percentage-price moves also differed substantially. IBIT gained approximately 5.9%, compared with GLD’s 0.15% increase—a difference of roughly 5.75 percentage points.

Metric IBIT GLD
Price $45.86 $398.96
Daily change +5.91% +0.15%
Trading value $1.56B $907.64M
Volume ranking shown #5 #9

IBIT Enters the Session’s Top Five

Only four products in the displayed list generated more trading value than IBIT: SPY at $10.06 billion, QQQ at $6.75 billion, SOXL at $2.17 billion, and IWM at $1.99 billion.

The session data therefore shows IBIT trading four positions above GLD, with approximately 1.72 times GLD’s trading value.

Yesytersay JPMorgan Said that Bitcoin Could Gain More Than Gold if ETF Hedging Eases.

Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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