Summary
- The asset management scale of Bitcoin ETF has surpassed Gold ETF, reaching $130 billion.
- The Bitcoin Spot ETF stands at $120 billion, still lower than the Gold Spot ETF's $125 billion.
- It is noteworthy that Bitcoin's growth has reached a level to compete with gold in just 11 months.
The assets under management (AUM) of Bitcoin ETFs, including the Bitcoin (BTC) spot exchange-traded fund (ETF) that emerged earlier this year, have reportedly surpassed those of Gold ETFs.
On the 17th (local time), Cointelegraph, citing data from K33 Research, reported that as of December 16, the assets under management of Bitcoin ETFs exceeded $129 billion, surpassing those of Gold ETFs.
Eric Balchunas, a Bloomberg ETF analyst, stated on X (Twitter), "The combined assets under management of all Bitcoin ETFs amount to $130 billion, slightly surpassing the total assets under management of Gold ETFs, which is about $128 billion." He added, "However, when looking only at spot ETFs, the assets under management of Gold Spot ETFs remain slightly higher at $125 billion compared to $120 billion for Bitcoin Spot ETFs. Nonetheless, the fact that Bitcoin is competing with gold in just 11 months is unrealistic."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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