Bitcoin ETFs top gold in total assets within a year of launch

Bitcoin exchange-traded funds (ETFs) in the United States have now eclipsed gold ETFs in total assets, achieving this feat in less than a year of their launch.

According to data from K33 Research, the combined assets of 12 Bitcoin ETFs have reached $129.3 billion. Meanwhile, gold ETFs hold a slightly lower total of $128.9 billion. This shift highlights Bitcoin’s rapid rise in the ETF market, outpacing gold, which has enjoyed a two-decade advantage.

Investor appetite for BTC ETFs has surged, especially following the success of pro-crypto candidate Donald Trump in the US elections on Nov. 5. The sector’s growth has been further fueled by consistent inflows, marked by a 13-day streak during which these ETFs attracted over $2 billion.

BlackRock’s iShares Bitcoin Trust (IBIT) leads the market with over $54 billion in assets. This figure is nearly double its iShares Gold Trust (IAU) holdings, underlining BTC’s growing dominance in the sector.

Meanwhile, Grayscale’s Bitcoin Trust (GBTC) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) also play significant roles, each managing approximately $22 billion in assets.

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