Demand for spot Bitcoin ETFs has surged further following Donald Trump’s victory, with US Bitcoin ETFs surpassing gold funds in assets under management for the first time.
As Bitcoin overtakes its arch-rival gold, K33 Research Head of Research Vetle Lunde recently shared that as of December 16, Bitcoin ETFs have surpassed US gold ETFs in total assets under management.
The combined AUM of Bitcoin ETFs, including spot, futures, and leveraged funds, has reached $129 billion, analysts at K33 Research noted.
Bloomberg ETF analyst Eric Balchunas also drew attention to Bitcoin's peace and said that it is a great success for Bitcoin ETFs to compete with gold in this way, especially despite being launched only 11 months ago.
“If you include all Bitcoin ETFs (spot, futures, leveraged), they have $130 billion in assets compared to $128 billion in gold ETFs. However, if you look at just spot ETFs, BTC has $120 billion in assets compared to $125 billion in gold,” Balchunas said.
ETF Store CEO Nate Geraci did not remain indifferent to the success of Bitcoin ETFs and stated that he expects Bitcoin ETFs to exceed gold ETFs in AUM by three times.
Nate Geraci, in his post from the X account, predicted that from a long-term perspective, Bitcoin ETFs could triple the total assets under management of gold ETFs.
Stating that Bitcoin ETFs currently have an AUM of $120 billion, while the AUM of gold ETFs is around $125 billion, Geraci stated that Bitcoin ETFs could reach three times that of gold ETFs.
Geraci acknowledged that the three-fold estimate may seem ambitious, but added that the three-fold gap could widen further in the future.
IMO, highly noteworthy comment today from @JSeyff & @EricBalchunas…
“Bitcoin ETFs can *triple* the size of gold ETFs long term.”
US gold ETFs currently at approx $125bil.
Spot btc ETFs nearing $120bil.
Sounds wild, but I agree. Could be even more. pic.twitter.com/6uPP70bmUW
— Nate Geraci (@NateGeraci) December 18, 2024
*This is not investment advice.
