Close Menu
Cryprovideos
    What's Hot

    BNB Meme Coin Outperforms High Tokens With 23% Rise | Meme Cash To Watch Immediately

    June 25, 2025

    FLOKI Finds Its Footing: May This Be the Begin of a Comeback? ‣ BlockNews

    June 25, 2025

    Canton Community Developer Secures $135M to Develop Institutional Blockchain Use

    June 25, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»US Bitcoin ETFs Amass Over Half of Gold’s Holdings in First Year – Decrypt
    US Bitcoin ETFs Amass Over Half of Gold’s Holdings in First Year – Decrypt
    Markets

    US Bitcoin ETFs Amass Over Half of Gold’s Holdings in First Year – Decrypt

    By Sebastian SinclairNovember 1, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    U.S.-listed Bitcoin exchange-traded funds have rapidly accumulated tens of billions in assets, reaching half that held by gold ETFs in record time.

    Since launching in January 2024, Bitcoin ETFs have attracted substantial inflows, totaling $23.89 billion and $70 billion in total net assets, per data from SoSoValue.

    By comparison, total net assets for U.S.-listed gold ETFs stand at $137.3 billion, according to the latest figures from the World Gold Council.

    That means that in just 10 months, spot Bitcoin ETFs have amassed over 50% of the assets held by gold ETFs, which have been around for two decades, Nate Geraci, president of The ETF Store, tweeted Thursday.

    The rapid adoption of Bitcoin ETFs reflects the quickening of mainstream interest in digital assets, according to some, with recent daily inflows ranging from $192 million to as much as $893 million.

    “There is no question that the BTC ETFs have been well received, breaking all inflow records as they go,” Ryan McMillin, chief investment officer at crypto fund manager Merkle Tree Capital, told Decrypt. 

    In comparison, gold ETFs, which debuted in 2004, have long represented a stable hedge against market volatility and inflation.

    “It is hard to compare absolute flows as 20 years between launches include a lot of inflation,” McMillin added. 

    The assets are often compared for their roles as “safe havens,” with gold prized for its historical stability and Bitcoin increasingly seen as a digital counterpart due to its finite supply and independence from traditional financial systems.

    Jurrien Timmer, director of Global Macro at Fidelity Investments, often characterizes Bitcoin as “exponential gold,” highlighting its rapid adoption curve and inherent scarcity. 

    His perspective suggests Bitcoin’s value proposition extends beyond that of traditional “digital gold,” instead emphasizing its potential as a store of value driven by network growth and limited supply.

    Whatever the case, Bitcoin has emerged as the best-performing asset of 2024, climbing 65% year-to-date to $69,533. Gold has also demonstrated strong performance, with prices up 16% to $2,746.09 per ounce.

    Despite the world’s largest asset dipping more than 4% on Thursday, McMillin still sees Bitcoin finishing off the year strong.

    “We’ve seen a few sell-offs, which could be larger funds reweighing their portfolios to take some gains, or it could very likely be a little volatility as we get closer to the US election,” he said.

    “I wouldn’t expect we go much lower here, not without a serious catalyst,” McMillin added.

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    FLOKI Finds Its Footing: May This Be the Begin of a Comeback? ‣ BlockNews

    June 25, 2025

    Canton Community Developer Secures $135M to Develop Institutional Blockchain Use

    June 25, 2025

    Dogecoin Flashes Uncommon Purchase Sign—However One Transfer May Wreck It

    June 25, 2025

    Billionaire Ray Dalio Provides the US Three Years ‘Give or Take’ Earlier than Severe ‘Financial Coronary heart Assault’ – The Every day Hodl

    June 25, 2025
    Latest Posts

    AIXA Miner: One-click mining of BTC/ETH makes mining simpler, with secure passive earnings of tens of hundreds of {dollars} per thirty days

    June 25, 2025

    Bitcoin Sentiment Turns Grasping Once more—Time To Be Cautious?

    June 25, 2025

    Bitcoin ETFs log largest June inflows at $588M, lengthen 11-day streak

    June 25, 2025

    Bitcoin Dominates Portfolios as Institutional Adoption Surges

    June 25, 2025

    Bitcoin Worth Crash Beneath $100,000: Pundit Reveals Subsequent Space Of Motion To Begin Shopping for

    June 25, 2025

    Bitcoin Provide Shock Imminent: Max Keiser

    June 25, 2025

    Crypto Analyst Requires New Bitcoin All-Time Excessive After Transient Dip Beneath $100,000, Predicts Rallies for Ethereum and WIF – The Each day Hodl

    June 25, 2025

    Arizona Home Clears Bitcoin Reserve Invoice Funded by Seized Crypto – Decrypt

    June 25, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Ethereum Basis Reveals $788M Crypto Holdings And New Battle-Of-Curiosity Guidelines

    November 9, 2024

    Binance Futures Introduces DEGENUSDT Perpetual Contract with 75x Leverage

    November 15, 2024

    Meme Index Presale to Skyrocket as SEC Approves New ETFs

    January 31, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.