Summary
- It is reported that the US Bitcoin spot ETF assets under management are soon expected to surpass gold ETFs.
- According to Eric Balchunas, a Bloomberg ETF analyst, the current Bitcoin ETF has recorded $120 billion in assets under management.
- When including leveraged products, it is reported that Bitcoin ETFs have already surpassed gold ETFs in terms of assets under management.
Spot Exchange-Traded Funds (ETFs) traded on the US stock market are expected to surpass gold ETFs in terms of Assets Under Management (AUM) soon.
According to CoinDesk on the 19th (local time), Eric Balchunas, a Bloomberg ETF analyst, reported, "Currently, US Bitcoin spot ETFs have an AUM of $120 billion, while gold ETFs have an AUM of $125 billion."
According to a K33 report, when including leveraged products, the AUM of Bitcoin ETFs is $129.25 billion, compared to $128.88 billion for gold ETFs, indicating that Bitcoin products have already surpassed gold ETF products.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
