Bitcoin ETFs Could Surpass Gold ETFs in Assets by January, Says Bloomberg Analyst

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Bitcoin ETFs Could Surpass Gold ETFs in Assets by January, Says Bloomberg Analyst Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, has revealed that U.S.spot Bitcoin ETFs are on track to surpass gold ETFs in total assets under management (AUM) by early next year.

The regulatory support for Bitcoin ETFs has paved the way for mainstream adoption, making it easier for investors to add Bitcoin exposure to their portfolios without the complexities associated with self-custody and direct asset management.

These differences suggest that while both asset classes appeal to those seeking stability, Bitcoin ETFs may attract more capital in the coming years due to Bitcoin’s growth potential and appeal as a new form of digital wealth.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin ETFs vs Gold ETFs Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 13:24:36 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 757 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23554499

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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