Spot Bitcoin ETFs reach $37B in AUM, roughly one-third of gold ETF assets

US-based spot Bitcoin ETFs person accumulated adjacent to $37 cardinal successful assets nether absorption (AUM) wrong the archetypal 25 days of trading, according to market data.

Incidentally, the full AUM of Bitcoin ETFs is simply a sizeable fraction of the wide AUM of golden ETFs, according to information shared by Bitcoin Archive.

Bitcoin ETF and golden ETF assets – Source: Bitcoin Archive

The $37 cardinal AUM of spot Bitcoin ETFs is adjacent to 39.8% of the $93 cardinal AUM of golden ETFs and 28.5% of some classes’ combined $130 cardinal AUM.

Bitcoin ETFs could outpace golden ETFs

Bloomberg ETF expert Eric Balchunas commented connected the 25-day maturation of the ETFs, stating:

“There’s been $4b-ish successful nett net flows + rally = connected gait to walk golden overmuch sooner than I estimated.”

However, helium noted that the Grayscale Bitcoin Trust (GBTC) contained important assets earlier it was converted to an ETF, meaning that the numbers are “not rather arsenic impressive” arsenic they mightiness seem.

Indeed, overmuch of the spot Bitcoin ETF AUM is accounted for by GBTC, followed by BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Bitcoin Trust (FBTC).

Spot Bitcoin ETF AUM – Source: Coinglass

Balchunas said that a rally successful the flagship crypto’s terms to caller all-time highs could pb these ETFs to overtake gold-based products precise quickly. However, helium admitted that this result is babelike connected Bitcoin’s terms arsenic a “huge variable,” and a downward inclination successful terms would mean it would instrumentality “much longer.”

Spot Bitcoin ETFs are presently outperforming golden ETFs by different metrics.

CryptoSlate analysis shows that golden ETF outflows person seen $3 cardinal successful outflows year-to-date, whereas spot Bitcoin ETFs person seen $4.1 cardinal successful inflows since launch.

It is unclear whether those trends volition person a lasting effect connected AUM.

The station Spot Bitcoin ETFs scope $37B successful AUM, astir one-third of golden ETF assets appeared archetypal connected CryptoSlate.