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Growing Demand for Bitcoin ETFs: Victory Over Gold Funds

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by A1

3 hours ago

Demand for spot Bitcoin ETFs has surged following Donald Trump's victory, with US Bitcoin ETFs surpassing gold funds in assets under management for the first time.

Record Performance of Bitcoin ETFs

According to K33 Research, as of December 16, Bitcoin ETFs have surpassed US gold ETFs in total assets under management, reaching $129 billion.

K33 Research and Bloomberg Analysis

Bloomberg ETF analyst Eric Balchunas highlighted Bitcoin ETF success, noting that total assets, including spot, futures, and leveraged funds, amount to $130 billion compared to $128 billion in gold.

Opinion of ETF Store CEO Nate Geraci

ETF Store CEO Nate Geraci stated that he expects Bitcoin ETFs to exceed gold ETFs by three times in assets under management, predicting further growth of this gap in the future.

The success of Bitcoin ETFs against gold funds indicates significant shifts in investor preferences, with long-term forecasts suggesting further growth potential.

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