Summary
TLDR: Bitcoin ETF assets have reached over $50 billion, surpassing half of gold ETF assets. Grayscale Bitcoin Trust leads with $28 billion. Analysts predict bitcoin ETF assets could surpass gold ETF assets in two years. Demand for bitcoin ETFs remains strong despite differences in investment cases with gold ETFs. Bitcoin’s price has risen about 20% in the past week.
Key Points
1. Bitcoin ETFs have surpassed $50 billion in assets under management, accounting for more than half of the assets in gold ETFs.
2. The Grayscale Bitcoin Trust (GBTC) alone accounts for roughly $28 billion in assets and has seen significant growth in just seven weeks.
3. Analysts predict that bitcoin ETF assets under management could surpass gold ETF assets within two years, as bitcoin continues to gain ground in the investment market.