US Bitcoin ETFs Top Gold ETFs in Net Assets
Vetle Lunde, an analyst at the crypto market research firm K33 Research, reported that the assets under management (AUM) of US-listed Bitcoin spot exchange-traded funds (ETFs) have officially exceeded those of gold ETFs.
Lunde announced this milestone on December 17 via X, emphasizing its unprecedented nature. While gold ETFs have been available since 2003, giving gold a substantial lead, US Bitcoin spot ETFs were only introduced in January 2024 after years of regulatory hurdles.
Despite this difference in market entry, Bitcoin ETFs have overtaken gold ETFs in AUM, demonstrating increasing institutional and retail trust in the digital asset. Lunde noted that in the United States, Bitcoin ETF AUM has surpassed gold ETF AUM, stating that gold, despite a twenty-year head start, has been “flipped.”
The approval of Bitcoin spot ETFs has been a pivotal moment for cryptocurrency adoption within traditional finance, as these products provide investors with direct exposure to Bitcoin without requiring them to hold the asset directly, effectively connecting digital assets with traditional financial markets.
