BlackRock is a large asset manager who manages a variety of ETFs and trusts, including both gold and digital gold, aka Bitcoin (BTC).
ISHARES Gold Trust ($IAU) currently trades for around $61 and has a net worth of over $36 billion.
Meanwhile, the Ishares Bitcoin Trust ETF (IBIT) currently trades for around $48 and boasts a net worth of around $48 billion.
read more: Chart: Wasn’t Trump supposed to be good for cryptography?
Donald Trump was widely believed to be the president who helped the value of the BTC. Since his appointment, money appears to have surpassed the world’s major codes..
Ishares Gold Trust has seen a jump of nearly 20%, with prices rising from around $51 to $61.
However, the company’s ISHARES BITCOIN Trust fell from about $60 to $48, down about 20%.
Both of these assets are generally “Safe Haven” Assets during periods of instability, and the sudden relocation of recent global trade arrangements certainly heightens economic instability.
However, despite the increased instability and the explicit and voice support of BTC from the oval office, only the Gold Trust continues to increase its value.
