Bitcoin ETFs Surpass Gold ETFs in Total Assets
Bitcoin exchange-traded funds (ETFs) in the United States have now exceeded gold ETFs in total assets, achieving this milestone in less than a year since their launch.
Rapid Rise of Bitcoin ETFs
According to data from K33 Research, the combined assets of 12 Bitcoin ETFs have reached $129.3 billion, surpassing the total assets of gold ETFs, which stand at $128.9 billion. This shift underscores Bitcoin’s rapid ascent in the ETF market, overtaking gold, which has had a two-decade head start.
Investor Appetite for BTC ETFs
Investor interest in BTC ETFs has surged, particularly following the victory of pro-crypto candidate Donald Trump in the US elections on Nov. 5. The sector’s growth has been propelled by consistent inflows, with a 13-day streak during which these ETFs attracted over $2 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) leads the market with over $54 billion in assets, nearly double the assets held by its iShares Gold Trust (IAU), emphasizing BTC’s increasing dominance in the sector.
Significant Players in the Market
Grayscale’s Bitcoin Trust (GBTC) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) also hold substantial roles, managing approximately $22 billion in assets each.
