Bitcoin ETFs Approaching Gold in Assets Under Management
Finance/Markets

Bitcoin ETFs Approaching Gold in Assets Under Management

Bitcoin ETFs in the U.S. are nearing a milestone, with assets under management just behind those of Gold ETFs, signaling strong institutional adoption.

Bitcoin ETFs Approaching Gold in Assets Under Management

U.S. spot-listed bitcoin ETFs are achieving remarkable growth, currently boasting an AUM of $120 billion, which is just shy of gold ETFs' $125 billion.

Key Insights:

  • The year 2024 has seen a significant rise in institutional adoption of bitcoin, including its integration into public balance sheets.
  • A recent report by K33 Research indicates that bitcoin ETFs reached $129.25 billion in AUM by December 17, surpassing gold ETFs at $128.88 billion, as noted by Vetle Lunde, analyst at K33 Research.
  • Meanwhile, products based solely on spot assets still show gold in the lead, with Eric Balchunas stating that bitcoin spot ETFs hold $120 billion in AUM compared to gold's $125 billion.

The strong activity in Bitcoin futures at the CME exchange signals further momentum toward the year's end, setting the stage for potentially significant growth in the bitcoin market.

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