Summary
- It was announced that the assets under management of Bitcoin spot ETFs in the United States have surpassed those of gold ETFs.
- It is noteworthy that Bitcoin ETFs have surpassed gold despite being launched 20 years later.
- This phenomenon reflects the high demand for Bitcoin ETFs.
The assets under management (AUM) of Bitcoin (BTC) spot exchange-traded funds (ETFs) listed in the United States have surpassed those of gold ETFs.
On the 17th, Vetle Lunde, an analyst at the cryptocurrency market analysis firm K33 Research, announced on X (formerly Twitter), "The assets under management of Bitcoin (spot) ETFs in the United States have surpassed those of gold ETFs."
The analyst added, "Gold, which was 20 years ahead of Bitcoin, has finally been surpassed." Despite Bitcoin ETFs being launched 20 years later than gold ETFs, the fact that they have surpassed gold in AUM indicates strong demand.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
