According to Bloomberg Intelligence data, as of Nov. 21, the total assets of Bitcoin ETFs reached approximately $104 billion.
This indicates the possibility of overtaking the net assets of gold ETFs. Since the physical Bitcoin ETF was launched in January 2024, Bitcoin has led the ETF market. In particular,
Investor interest in cryptocurrencies has surged following the victory of crypto-friendly President-elect Donald Trump in the US presidential election on May 5.
"We're excited to be working with Investors Support, a nonprofit that provides a platform for investors to invest in passive strategies," said Brian Armour, head of passive strategies at Morningstar.
Armour said, "The sharp increase in the net assets of Bitcoin ETFs in November was due to the election victory of Trump, which led to Bitcoin's presidency.
"This is the result of a stronger positive outlook for the future, improved performance and over $5 billion in inflows," he told Cointelegraph.
Currently, the total assets of the Bitcoin ETF are approximately $104 billion, surpassing the gold ETF, which had net assets of approximately $120 billion as of November 21.
"That's a good chance," said Eric Balchunas, an ETF analyst at Bloomberg Intelligence.
On the 21st, Balchunas said through X (formerly Twitter) that "The Bitcoin ETF has now surpassed Satoshi's holdings and is almost ready to overtake the Gold ETF.
"I did," he said.
2024/11/22 17:59 KST
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