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Bitcoin ETF

The post <a href="https://cryptosnewss.com/bitcoin-etfs-poised-to-surpass-gold-etfs-in-aum-within-two-months/" rel="noopener noreferrer nofollow">Bitcoin ETFs Poised to Surpass Gold ETFs in AUM Within Two Months</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.As of Nov. 11, US-traded spot <a href="https://cryptosnewss.com/investor-confidence-soars-as-bitcoin-etf-inflows-climb-to-2-22-billion/" rel="noopener noreferrer nofollow">Bitcoin (</a>BTC) exchange-traded funds (ETFs) held $84 billion, equating to roughly 66% of gold ETFs’ total assets under management (AUM).According to senior Bloomberg ETF analyst Eric Balchunas, spot Bitcoin ETFs’ current growth trajectory is on track to fully <a href="https://x.com/EricBalchunas/status/1856013871116320902" rel="noopener noreferrer nofollow">overtake</a> the AUM of gold ETFs in the next two months. He added that this is magnitudes lower than his initial timeline of four to five years.Meanwhile, The ETF Store CEO Nate Geraci recently highlighted that BlackRock’s iShares Bitcoin ETF (IBIT) <a href="https://x.com/NateGeraci/status/1854882220407701661" rel="noopener noreferrer nofollow">surpassed</a> the AUM of the firm’s gold counterpart iShares Gold ETF (IAU). He noted that it took BlackRock’s gold ETF 20 years to reach this point, while it took the Bitcoin ETF less than 10 months.<h2 id="header-0">Record-breaking week</h2>Farside Investors’ data shows that spot Bitcoin ETFs registered multiple records last week. IBIT surpassed $1 billion in inflows in a single day on Nov. 7, prompting the total inflows for spot Bitcoin ETFs to over $1.3 billion, a new collective record.IBIT closed on Nov. 7 with $4.1 billion in trading volume, the most significant trading activity since its launch. Collectively, the US-traded spot Bitcoin ETFs registered $6 billion in volume, another record for the group of newly launched funds.Balchunas <a href="https://x.com/EricBalchunas/status/1854281747082477696" rel="noopener noreferrer nofollow">highlighted</a> that IBIT’s volume was higher than consolidated stocks such as Berkshire, Netflix, and Visa on that day.IBIT <a href="https://x.com/EricBalchunas/status/1855990980614168818" rel="noopener noreferrer nofollow">reached</a> $1 billion in trading volume in the first 35 minutes of trading on Nov. 11 after Bitcoin reached a new ATH over the weekend and continued to rally. The other ETFs experienced a similar surge, with Bitwise CEO Hunter Horsley saying the company’s products <a href="https://x.com/HHorsley/status/1856024368264163390" rel="noopener noreferrer nofollow">are seeing</a> “huge volumes.”Geraci <a href="https://x.com/NateGeraci/status/1855794053423452381" rel="noopener noreferrer nofollow">predicted</a> that more crypto-related ETFs may get listed this week, citing XRP, Solana (SOL), and Cardano (ADA).He explained that multiple issuers were “highly prepared” for the election results and there is no downside to getting aggressive in the current market landscape.The post <a href="https://cryptosnewss.com/bitcoin-etfs-poised-to-surpass-gold-etfs-in-aum-within-two-months/" rel="noopener noreferrer nofollow">Bitcoin ETFs Poised to Surpass Gold ETFs in AUM Within Two Months</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Bitcoin ETFs Poised to Surpass Gold ETFs in AUM Within Two Months

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