In just 10 months, U.S.-listed Bitcoin ETFs have gathered over $23.89 billion, equating to half the net assets of gold ETFs, which have been operational for 20 years. As of November 2024, total net assets for Bitcoin ETFs reached $70 billion, while gold ETFs hold $137.3 billion, according to the World Gold Council. This rapid accumulation of assets underscores the growing interest in digital assets, with recent daily inflows ranging from $192 million to $893 million. Bitcoin is seen not just as a digital gold but also as a valuable store of value due to its limited supply and independence from financial systems. In 2024, Bitcoin has been the best-performing asset, gaining 65% year-to-date, compared to gold's 16% increase. Market analysts suggest that Bitcoin ETFs are well-received and breaking inflow records, reflecting a significant trend towards cryptocurrency as a viable investment in today's economic climate.

Source 🔗