Spot Bitcoin exchange-traded funds launched less than a year ago and have already been dubbed the most successful ETF launches in history. BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), just smashed another record. IBIT has now overtaken the asset manager’s iShares Gold ETF (IAU) in terms of assets under management. BlackRock Bitcoin ETF’s bullish strength was arguably boosted by Donald Trump’s U.S. presidential election victory. IBIT has clocked more than $27 billion in net inflows since its debut, with a record-breaking $1.1 billion in new investor money flowing into the ETF on Thursday. Commentators believe Trump’s victory will open the door for over a half dozen proposed cryptocurrency ETFs waiting on approval from U.S. regulators.