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The Potential of Bitcoin ETFs: Could They Surpass Gold ETFs Soon?

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2 hours ago

According to Nate Geraci, co-founder of the ETF Institute, Bitcoin ETFs could potentially surpass Gold ETFs in the next two years. The current growth figures of Bitcoin ETFs and their market impact support this prediction.

Current Dynamics of Bitcoin and Gold ETFs

Available data shows that Gold ETFs have cumulative flows of around $50 billion compared to Bitcoin ETFs' $20 billion. Despite being around for only ten months, Bitcoin products have shown strong performances relative to Gold ETFs.

20yr head start for gold ETFs, but wouldn’t be surprised to see bitcoin ETFs surpass them in next 2yrs.Nate Geraci

Impressive Growth in Bitcoin ETF Volumes

Bitcoin ETFs saw net inflows reach $21 billion this past week, with BlackRock's IBIT leading the charge by attracting over $1 billion. Other ETFs like Ark Invest ARKB and VanEck HODL also added significantly. Geraci noted that demand for Bitcoin ETFs is coming from multiple fronts.

New Investments and SEC Decisions

The SEC's approval for NYSE and CBOE to list options for trading Bitcoin ETFs could bring new funds. Bloomberg's Eric Balchunas noted that this approval was expected but still a positive development, given the SEC was a major hurdle.

In terms of the potential impact here, I think that options trading on spot Bitcoin ETFs is decidedly good. Because all options trading is going to do is deepen the liquidity around spot Bitcoin ETFs.Nate Geraci

Bitcoin continues to show positive performance, with market dominance reaching 65% for the first time since 2021. If the current trend persists, Bitcoin ETFs could become significant competitors to Gold ETFs.

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