IBIT could soon pass GLD in holdings
This is pretty shocking, really...
The bitcoin ETF IBIT holds roughly $85b billion assets.
That number doesn't mean much until you quantify it by noting that GLD holds roughly $100b in assets.
IBIT could become bigger then GLD pretty quickly, possibly even this year!
(Source: https://x.com/BitcoinNewsCom/status/1947074771503460529/photo/1)
That is pretty shocking!
GLD has been around for a long time.