Bitcoin Funds' Assets Under Management Exceed Gold ETFs
- he volume of assets under management by bitcoin funds has grown above $129 billion.
- By this measure, Bitcoin-based funds outperformed gold ETFs.
The total volume of assets under management by bitcoin funds has grown to $129.25 billion, exceeding the figures for gold ETFs - $128.88 billion. This was stated by the head of the research company K33Research, Vetle Lunde.
Bloomberg Intelligence analyst Eric Balchunas noted that the $129.25 billion figure includes bitcoin futures and spot funds, as well as leveraged ETFs. He added:
“However, if we look at just spot bitcoin ETFs, they have $120 billion in assets under management, which is still slightly behind the $125 billion in gold ETFs.”
According to the expert, it is in any case surprising that such close figures are being discussed at all based on the results of only 11 months.
Notably, spot Bitcoin ETFs have been attracting capital for 14 trading days in a row. During this period, the products have received about $6.5 billion.
CryptoQuant CEO Ki Young Ju said it took BlackRock's gold ETF 20 years to reach $33 billion in assets under management, while the Bitcoin ETF doubled that amount in less than a year.
In early December 2024, we reported that BlackRock's spot Bitcoin ETF had surpassed $50 billion in assets amid positive momentum in the sector.