- Spot Bitcoin ETFs have accumulated $37 billion in AUM in their first 25 days, equal to about one-third of the total AUM of gold ETFs.
- One analyst predicts Bitcoin ETFs could outpace gold ETFs sooner than expected if Bitcoin’s price rallies to new all-time highs.
- Leading Bitcoin ETFs by AUM are Grayscale’s Bitcoin Trust, BlackRock’s iShares Bitcoin Trust, and Fidelity Wise Bitcoin Trust.
U.S.-based spot Bitcoin ETFs have accumulated close to $37 billion in assets under management (AUM) within the first 25 days of trading, according to market data. This is equal to about one-third of the total AUM of gold ETFs.
Bitcoin ETF AUM Compared to Gold ETF AUM
The $37 billion AUM of spot Bitcoin ETFs is equal to 39.8% of the $93 billion AUM of gold ETFs. It is also 28.5% of the combined AUM of both classes, which is $130 billion.
Outlook for Continued Growth
One analyst says Bitcoin ETFs could outpace gold ETFs sooner than expected. A rally in Bitcoin’s price to new all-time highs could lead these ETFs to overtake gold-based products very quickly. However, this outcome depends on Bitcoin’s price as a huge variable.
Leading Bitcoin ETFs by AUM
Much of the spot Bitcoin ETF AUM is accounted for by Grayscale‘s Bitcoin Trust (GBTC), followed by BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Bitcoin Trust (FBTC).
Bitcoin ETFs Outpacing Gold ETFs on Other Metrics
CryptoSlate analysis shows that gold ETF outflows have seen $3 billion in outflows year-to-date, whereas spot Bitcoin ETFs have seen $4.1 billion in inflows since launch. It is unclear whether those trends will have a lasting effect on AUM.
Conclusion
In summary, spot Bitcoin ETFs have accumulated significant AUM in a short period of time. They currently represent about one-third of total gold ETF AUM. Analysts predict they could surpass gold ETFs sooner than expected if Bitcoin’s price continues to rally.
