[DigitalToday reporter Yoonseo Lee] BlackRock's bitcoin spot exchange-traded fund (ETF), the iShares Bitcoin Trust ETF 'IBIT', rose more than 5 percent in daily trading. It surpassed the 대표 gold ETF, 'GLD', in both trading volume and gains.

The Crypto Basic, a blockchain media outlet, reported on Sept. 18 local time that IBIT posted $1.56 billion in turnover in the session. That ranked it fifth in ETF market turnover.

IBIT traded around $45.81 to $45.86 intraday, with a daily gain of about 5.8 to 5.9 percent. At the same time, SPDR Gold Shares 'GLD' traded around $398.96 and rose 0.15 percent. Its turnover was tallied at $907.64 million, ranking ninth.

The gap between the two products was clearer in turnover. IBIT's turnover was about $652 million higher than GLD's, or about 72 percent more. In the same session, IBIT ranked four places higher than GLD.

The difference in gains was also large. The gap between IBIT and GLD's daily gains was about 5.75 percentage points.

The market is in a 분위기 of taking the day's move as a signal of funds flowing into bitcoin-related assets. Bloomberg ETF analyst Eric Balchunas pointed out on his social media that IBIT ranked fifth in overall ETF turnover, while GLD ranked ninth. He said GLD often ranks higher and raised the possibility that bitcoin's price rise was larger on the day.

IBIT also stood out compared with the highest-turnover ETFs. In the session, only four products had higher turnover than IBIT: SPY with $10.06 billion, QQQ with $6.75 billion, SOXL with $2.17 billion and IWM with $1.99 billion. IBIT followed those and made the upper ranks among major index and leveraged ETFs.

The figures showed bitcoin spot ETFs competing directly with traditional safe-haven investment vehicles. GLD is one of the major gold investment products, but IBIT led in both price movement and trading activity in the session. Balchunas called the top 10 ETF lineup that day a "perfect snapshot of this year" and said it reflected demand for large index tracking, the artificial intelligence (AI) boom and the debasement trade.

The move also ties in with recent remarks from JPMorgan. JPMorgan said the previous day that bitcoin could show stronger momentum than gold if ETF hedge demand eases. In the session, bitcoin spot ETFs outpaced gold ETFs in both turnover and gains, rekindling market interest in fund flows between the two asset classes.

"$IBIT having one those days.. 5th in overall ETF volume with its BFF (Best Frenemy Forever) $GLD in 9th spot (normally GLD has higher rank, prob btc price up more today). Btw the Top 10 is a perfect snapshot of this year: VOO & Chill + AI Mania + Debasement Trade pic.twitter.com/gXW5A4rlsz"