“Bitcoin ETF Outperforms with Promising Outlook, Bloomberg Analyst Foresees Surpassing Gold ETF Size within Two Years”

Introducing a Bitcoin spot ETF for just six weeks has seen a net inflow of over 8 billion US dollars, surpassing that of gold ETFs. Bloomberg ETF analyst predicts that the asset size of Bitcoin ETFs may exceed that of gold ETFs within two years.

(Grayscale sees record low net outflow, Bitcoin ETF trading volume hits new high, Bitcoin surges to 57K again.)

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Bitcoin ETF to Surpass Gold in Two Years
Are Gold Investors Turning to Bitcoin?
BlackRock Rakes in Profits?
Bitcoin ETF to Surpass Gold in Two Years
Bloomberg ETF analyst Eric Balchunas pointed out in his latest article that although the Bitcoin spot ETF has been listed for less than six weeks, it has seen a net inflow of 8 billion US dollars more than gold ETFs. Its asset size already accounts for 40% of gold ETFs, and it may surpass gold within two years.

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The relevant data mentioned in the article is as follows:
Net inflow of Bitcoin ETF reaches 5 billion US dollars.
Net inflow reaches 12 billion US dollars after deducting GBTC.
Gold ETF sees a net outflow of 3.6 billion US dollars.
The size of US gold spot ETF is approximately 90 billion US dollars, while Bitcoin spot ETF is around 36.4 billion US dollars.

Are Gold Investors Turning to Bitcoin?
Previously reported outflows from gold ETFs do not necessarily represent a shift of gold investors to Bitcoin, as many US ETFs have also seen significant net inflows.

(Are funds flowing out of gold ETFs into Bitcoin? Is BTC digital gold or a risky asset?)

Eric Balchunas acknowledges this, but he points out that:
Although the outflows from gold ETFs may not have flowed into Bitcoin ETFs, the existence of Bitcoin ETFs and the enthusiasm surrounding these new funds (one of the most successful launches in history) have brought competition to gold ETFs.
With gold prices falling 2% this year, he believes that gold ETFs may face challenges in maintaining their asset size of 90 billion US dollars.

BlackRock Rakes in Profits?
Eric Balchunas also mentioned that BlackRock actually has a gold ETF, “iShares Gold Trust (IAU)”, which is also a huge source of income (at a 0.25% fee). The good news is that BlackRock has also achieved significant success in Bitcoin ETFs.
He believes that although BlackRock may be affected by the outflows from gold ETFs, over time, BlackRock will ultimately win big in Bitcoin ETFs.

Eric Balchunas
ETF
Bitcoin

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