**News Flash: Bitcoin ETF Outshines Gold in Record Time**

Blackrock's Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has surpassed its gold counterpart, the iShares Gold Trust (IAU), in net assets, reaching over $33 billion as of November 8. This rapid growth is remarkable, considering IBIT launched just 10 months ago, while IAU has been around since 2005.

The surge in Bitcoin interest coincided with Donald Trump's U.S. presidential election victory, which many believe could favor the crypto sector. On November 6, IBIT experienced its highest trading volume ever, with $1.1 billion in inflows the following day.

Bitcoin ETFs have dominated the market in 2024, with six of the top 10 launches being spot BTC ETFs. Trump's win has also sparked a wave of regulatory filings for new crypto ETFs, including those for altcoins like Solana and XRP.