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

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

Bitcoin ETFs could surpass Gold ETFs Bloomberg analysts

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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.

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