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bitcoin

US Bitcoin Spot ETFs May Overtake Gold ETFs In AUM By Early 2025, Analyst Forecasts

Ash Tiwari
by Ash Tiwari
9 months ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The value of assets under management (AUM) held by US-based spot Bitcoin (BTC) exchange-traded-funds (ETFs) may eclipse that of gold ETFs by as early as January 2025.

US Spot Bitcoin ETFs Could Soon Surpass Spot Gold ETFs

In a recent post shared on X, senior analyst at Bloomberg, Eric Balchunas, observed that assets held in US-based spot BTC ETFs are currently valued at $84 billion, roughly 67% of the AUM held by US-based spot gold ETFs.

Related Reading: Crypto Comeback: Bitcoin ETFs Attract $556 Million In Fresh Inflows

Notably, it has not even been a year since the first spot BTC ETF was approved by the US Securities and Exchange Commission (SEC). The financial regulator gave the greenlight to BTC ETF’s first spot in January 2024.

According to Balchunas, spot Bitcoin ETFs have a “decent shot” at surpassing the value of assets held by spot gold ETFs by early next year. The analyst acknowledged that they originally expected it would take 3 to 4 years to reach such a milestone.

Data from etf.com shows that spot gold ETFs in the US have an AUM of $138.36 billion across 35 ETFs traded on the US markets.

Among these, the largest spot gold ETF, by far, is State Street’s SPDR Gold Trust, with AUM worth $78.18 billion. This is followed by BlackRock’s IShares Gold Trust, with $33.58 billion in AUM, and State Street’s SPDR Gold MiniShares Trust holds $9.48 billion in AUM.

In comparison, data from SoSoValue indicates that total net assets held across US-based spot Bitcoin ETFs stand at $90.6 billion. 

The largest ETFs are BlackRock’s IBIT with $39.92 in AUM, Grayscale’s GBTC with $19.12 billion, and Fidelity’s FBTC with $16.73 billion in AUM.

It is worth noting that BlackRock’s BTC ETF has already surpassed its gold counterpart in total AUM. On November 11, the total net inflow in BTC spot ETFs stood at $1.11 billion, the second-highest behind $1.38 billion recorded on November 7.

Bitcoin Accumulation Continues To Rise

The rising popularity of spot BTC ETFs highlights the increasing institutional interest in the cryptocurrency, but it’s not just institutional players who are accumulating Bitcoin. 

Related Reading: MicroStrategy’s ‘Intelligent Leverage Strategy’ Ideal For Bitcoin Exposure, Report Says

Many private entities and sovereign nations are also amassing BTC to hedge against inflation. For instance, business intelligence firm MicroStrategy owns 252,220 BTC, worth more than $21 billion at current market prices.

MicroStrategy’s play has been replicated by companies like Tesla, Japan’s Metaplanet, and Semler Scientific, which have all added BTC to their respective balance sheets.

According to data from Arkham Intelligence, El Salvador currently holds close to 5,900 BTC, while Bhutan owns about 12,568 BTC, worth more than a billion USD.

While Bitcoin continues to reach new all-time highs (ATHs), investors should exercise caution and avoid being overly enthusiastic about the asset’s future price movements since quick, sharp pullbacks can lead to massive liquidations.

BTC trades at $86,015 at press time, up 4.9% in the past 24 hours. The leading cryptocurrency commands a total market cap of $1.70 trillion.

bitcoin
BTC trades at $86,015 on the daily chart | Source: BTCUSDT on TradingView.com
Featured Image from Unsplash.com, Chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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