Key Takeaways
- Bitcoin ETFs surpassed gold ETFs in total assets under management, with Bitcoin funds reaching $129 billion.
- BlackRock’s iShares Bitcoin Trust is the market leader in Bitcoin ETFs, with nearly $60 billion in assets under management.
Bitcoin ETFs surpassed gold ETFs in total assets under management, with Bitcoin funds reaching $129 billion compared to gold ETFs’ $128 billion, according to K33 Research.
The milestone comes less than a year after spot Bitcoin ETFs launched in January following SEC approval.
According to to ETF analyst Eric Balchunas, when all types of Bitcoin ETFs are included – spot, futures and leveraged – the total is $130 billion, with spot Bitcoin ETFs accounting for $120 billion compared to spot gold ETFs to 125 billion dollars.
BlackRock’s iShares Bitcoin Trust has emerged as the market leader, managing nearly $60 billion in assets.
The trust outperformed BlackRock’s iShares Gold Trust in November, indicating a shift in institutional investor preferences.
Bitcoin ETF inflows have topped $5 billion since November, coinciding with bitcoin hitting a new high of over 108,000.
The rise reflects investors seeking alternatives amid geopolitical and economic uncertainty fueled by concerns over inflation, government deficits and geopolitical instability.
