The post Bitcoin ETF AUM Will Surpass Gold ETF AUM By Year-End, Says Analyst appeared on BitcoinEthereumNews.com.

Spot Bitcoin ETFs have witnessed heavy inflows over the past two weeks with BlackRock’s IBIT taking the lead. Last week, the total assets under management for the Bitcoin exchange-traded fund (ETF) crossed $100 billion with market analysts expecting it to overtake Gold ETF by the year-end. Of course, this would happen if the inflows keep the momentum along with the Bitcoin price surging to fresh all-time highs. Can Bitcoin ETFs OverTake Gold ETFs By Year-End? Crypto industry expert and ETF Store President, Nate Geraci, suggested a possibility that the spot Bitcoin ETFs could overtake Gold ETFs by the end of this year. As said, the Bitcoin exchange-traded fund market has already grown to $100 billion in size in less than a year of launch. On the other hand, the Gold ETF market size surged to $271 billion by the quarter ending September, per the World Gold Council. Also, data shows that while Bitcoin ETF inflows surged in November and December, the Gold ETFs saw outflows first time in six months. Thus, the gap between the two has been shrinking fast. Geraci noted that the outcome of his prediction would likely hinge on the comparative performance of Bitcoin and gold prices in the coming weeks. He also pointed out that physical gold ETFs were launched two decades ago, making such a development in BTC ETFs “astounding.” BackRock’s iShares BTC ETF (IBIT) has already attracted over $4 billion in inflows since Thanksgiving, an achievement that would rank it as the second-best ETF launch of 2024. On Friday, BlackRock’s IBIT saw another $393 million in inflows thereby taking its total inflows closer to $36 billion. BTC Can See A Short Squeeze A tightening Bitcoin supply could set the stage for a potential price squeeze, according to a recent analysis by 10x Research. The…

---

Filed under: News - @ December 14, 2024 7:20 am