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4 Comments
tldr; US Bitcoin ETFs are on track to surpass gold ETFs in size by Christmas, with current assets at $107 billion. BlackRock’s iShares Bitcoin Trust is a major player, capturing 73% of net inflows into Bitcoin ETFs. As of November 23, Bitcoin ETFs in the US reached 86% of the total net assets of gold ETFs. Analyst Eric Balchunas suggests these funds could eclipse gold ETFs by Christmas. Bitcoin ETFs are also nearing the size of Satoshi Nakamoto’s estimated Bitcoin stash, potentially becoming the largest Bitcoin holder soon.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Crypto ETFs have made the ETF space great again.
And this is while the gold price is at all time highs and climbing. Very bullish for the BTC price I’d say.
First BTC ETFs overtake gold ETFs, then BTC market cap overtakes gold market cap.