The post Bitcoin ETFs top gold in total assets within a year of launch appeared on BitcoinEthereumNews.com.

Bitcoin exchange-traded funds (ETFs) in the United States have now eclipsed gold ETFs in total assets, achieving this feat in less than a year of their launch. According to data from K33 Research, the combined assets of 12 Bitcoin ETFs have reached $129.3 billion. Meanwhile, gold ETFs hold a slightly lower total of $128.9 billion. This shift highlights Bitcoin’s rapid rise in the ETF market, outpacing gold, which has enjoyed a two-decade advantage. Bitcoin ETFs vs Gold ETFs (Source: K33 Research) Investor appetite for BTC ETFs has surged, especially following the success of pro-crypto candidate Donald Trump in the US elections on Nov. 5. The sector’s growth has been further fueled by consistent inflows, marked by 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. This figure is nearly double its iShares Gold Trust (IAU) holdings, underlining BTC’s growing dominance in the sector. BlackRock BTC ETF vs. Gold ETF (Source: Thesis) Meanwhile, Grayscale’s Bitcoin Trust (GBTC) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) also play significant roles, each managing approximately $22 billion in assets. Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. Source: https://cryptoslate.com/insights/bitcoin-etfs-top-gold-in-total-assets-within-a-year-of-launch/

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Filed under: News - @ December 17, 2024 11:29 am