Bitcoin ETF Officially Surpasses Gold ETF in Assets Under Management

According to a report from K33 Research on December 16, the total assets under management (AUM) of Bitcoin ETFs have reached $129 billion, surpassing gold ETFs, which stand at $128.88 billion. This milestone was highlighted by Vetle Lund, the company’s Head of Research.

Delving deeper into the details, Bloomberg ETF analyst Eric Balchunas explained that the $129 billion figure includes all types of Bitcoin ETFs, ranging from spot and futures ETFs to leveraged funds, slightly exceeding the $128.88 billion of gold ETFs. However, when considering spot funds alone, Bitcoin ETFs hold $120 billion, still trailing gold at $125 billion. Remarkably, Bitcoin ETFs achieved this feat within just 11 months of their launch.

The journey of Bitcoin ETFs conquering the market has been truly impressive. Since being approved by the SEC in January, these funds have rapidly captured investor interest. According to Bloomberg Intelligence, Bitcoin ETFs in the U.S. surpassed $100 billion in net assets by November. Bryan Armour from Morningstar noted that this robust growth reflects the market’s growing confidence in Bitcoin.

Among Bitcoin ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) leads with nearly $60 billion in AUM. Notably, IBIT not only outperformed BlackRock’s own gold fund, iShares Gold Trust (IAU), in net asset value as of November but also became the most successful ETF launch in over a decade. On December 17 alone, IBIT attracted $733.3 million in net inflows.

Bitcoin has also been consistently reaching new all-time highs, with the latest at $108,200. Currently, it is trading around $105,580.