Bloomberg analyst: Bitcoin spot ETF to overtake all-gold ETFs in January

The Bitcoin spot ETF is expected to overtake the gold ETF before its first anniversary. Eric Balchunas, Bloomberg ETF analyst, said:
"The size of the U.S. Bitcoin spot ETF's operations is now $84 billion (approximately 13 trillion yen), two-thirds the size of the gold ETF," he said. "In January of next year, the first anniversary of the launch of the Bitcoin spot ETF,
It has become more likely that it will overtake gold ETFs in the near future,” he said. It was previously expected that it would take three to four years for Ethereum to overtake gold ETFs, but the timing has come much sooner than expected.
He also said that the volume of cryptocurrency-related transactions on the U.S. stock market on the 11th (local time) had increased significantly, and that it could be considered a "Volmageddon."
Volmageddon is a combination of the words volatility and Armageddon, which means the great war at the end of the world.
According to Balchunas, on that day, shares of MicroStrategy, a well-known cryptocurrency holding company, and Coinbase, the largest cryptocurrency exchange in the United States, as well as Bitcoin spot ETFs, were traded.
The combined trading volume of F and IPOs reached $38 billion (approximately 5.8457 trillion yen).