Bloomberg Analyst: Bitcoin ETF may surpass gold ETF

Odaily News Bloomberg senior ETF analyst Eric Balchunas said that Bitcoin ETFs will surpass gold ETFs at some point unless some kind of black swan event occurs. The ETF had an AUM of US$28.9 billion when it was first launched, and the current AUM of the 11 spot Bitcoin ETFs totals US$61 billion. Against the backdrop of massive capital inflows and rising Bitcoin prices, the size of Bitcoin ETFs is approaching that of gold ETFs, which have total assets under management of about $97 billion.