Bitcoin ETFs are going to surpass gold's, says ETF expert — un | Crypto | Bitcoin | Blockchain
Bitcoin ETFs are going to surpass gold's, says ETF expert — unless there’s a black swan event
Bitcoin ETFs have seen far higher flows and assets than most predicted ahead of launch, and this unparalleled success has analysts speculating about how high they might go. Having started with $28.9 billion of assets when they launched — as Grayscale’s flagship Bitcoin Trust was converted across along with its assets — the 11 spot bitcoin ETFs now have a combined AUM of $61 billion. On the back of heavy inflows and a rising bitcoin price, their size is heading toward that of gold ETFs, which have a combined AUM of around $97 billion.
