Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Bitcoin » Bitcoin ETFs could surpass Gold ETFs in AUM in less than 2 years: Bloomberg analysts

Bitcoin ETFs could surpass Gold ETFs in AUM in less than 2 years: Bloomberg analysts

by

BlackRock is still well-positioned to benefit from the expected shift.

Bitcoin ETFs could surpass Gold ETFs Bloomberg analysts

Share this article

Spot Bitcoin ETFs, launched just six weeks ago, have already amassed over $8 billion more than their gold counterparts, and Bloomberg ETF analysts predict they could surpass gold ETFs in assets under management within two years.

According to a recent screenshot of a report comparing Gold and Bitcoin, shared by Balchunas, Bitcoin ETFs have reportedly taken in about $5 billion in net new assets since their launch in early January. In contrast, gold ETFs have seen $3.6 billion in outflows.

The analysts suggest that the success of Bitcoin ETFs has added competition for gold. As noted by Balchunas, BlackRock, a major player in the ETF market with its gold ETF, iShares Gold Trust, stands to lose some revenue. However, he believes that BlackRock still benefits from the growing popularity of ETFs.

Earlier this month, data from BitMEX and Balchunas revealed that BlackRock saw around $423 million fleeing out of its gold ETF, iShares Gold Trust, while its newborn Bitcoin ETF surged with massive inflows.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.