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Bitcoin ETFs are quickly gaining ground on Gold ETFs as BTC hits $99,000

Author: Content Editor
The U.S. Bitcoin exchange-traded funds (ETFs) have surpassed $100 billion in total assets, reaching $104 billion, while Gold ETFs stand at $121.65 billion. The ETFs saw a net inflow of $773 million as Bitcoin reached over $99,000 on November 22nd. Data also revealed that since the election, over $4 billion had flowed into U.S. BTC ETFs. The CEO of ETF Store noted that the Bitcoin ETF achieved what took BlackRock's Gold ETF nearly 20 years in just 10 months. The chief investment officer at Bitwise stated that since its inception in January 2024, BlackRock's IBIT had recorded net inflows of $25.8 billion, surpassing its gold counterpart. Bloomberg predicted that BTC ETFs could eventually triple Gold ETFs in terms of total assets. The CEO of Blockstream suggested that Bitcoin may surpass gold in terms of market capitalization. Despite the impressive performance of BTC ETFs, they are still 28% shy of matching Gold ETFs. Bitcoin ETFs have registered multiple records in the past two weeks, including a collective record of $1.3 billion in inflows and $1.4 billion in trading volume. The ETFs also surpassed consolidated stocks in terms of volume. The CEO of BTC Markets Pty stated that the Bitcoin price rally was fueled by positive news related to Trump's incoming administration.

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