Bitcoin ETFs have surpassed gold ETFs in total assets under management, with Bitcoin funds reaching $129 billion compared to gold ETFs’ $128 billion, according to K33 Research. The milestone comes less than a year after spot Bitcoin ETFs launched in January following the SEC’s approval.
According to ETF analyst Eric Balchunas, when including all Bitcoin ETF types—spot, futures, and leveraged—the total amounts to $130 billion, with spot Bitcoin ETFs accounting for $120 billion compared to spot gold ETFs at $125 billion. BlackRock’s iShares Bitcoin Trust has emerged as the market leader, managing nearly $60 billion in assets.
The trust surpassed BlackRock’s iShares Gold Trust in November, indicating a shift in institutional investor preferences. Bitcoin ETF inflows have surpassed $5 billion since November, coinciding with Bitcoin reaching a new all-time high of over 108,000. The surge reflects investors seeking alternatives amid geopolitical and economic uncertainty driven by concerns over inflation, government deficits, and geopolitical instability.
The American Bankers Association (ABA) has sharply criticized the Office of the Comptroller of the…
President Donald Trump and his family's cryptocy company, World Liberty Financial (WLFI), are facing a…
Aerodrome Finance and Velodrome, two of the leading decentralized exchanges (DEXs) on Base and Optimism,…
OpenAI's artificial intelligence models helped uncover two critical security vulnerabilities in PHP, the programming language…
SoFi Technologies has launched SoFi Earn (SOFIE), a new blockchain-based banking product that allows consumers…
Microsoft, Google's parent company Alphabet and Goldman Sachs have joined a growing list of major…