In less than a year, U.S.-listed Bitcoin exchange-traded funds (ETFs) have amassed more than 50% of the total assets held by gold ETFs, according to data from SoSoValue. Since their launch in January 2024, Bitcoin ETFs have gathered $23.89 billion in inflows, with total net assets climbing to approximately $70 billion, while U.S.-listed gold ETFs stand at $137.3 billion as per the latest World Gold Council figures.
Nate Geraci, president of The ETF Store, underscored the milestone as a demonstration of how quickly digital assets are capturing mainstream interest. With recent daily inflows reaching as high as $893 million, Bitcoin ETFs are “breaking all inflow records,” noted Ryan McMillin, chief investment officer at Merkle Tree Capital.
This rapid growth highlights Bitcoin’s rising profile as a “safe haven” asset, often likened to gold due to its scarcity and resilience against inflation. Jurrien Timmer, director of Global Macro at Fidelity Investments, describes Bitcoin as “exponential gold,” underscoring its rapid adoption and unique scarcity.
While Bitcoin’s market saw a minor dip of over 4% on Thursday, McMillin expects the asset to close the year on a high, citing Bitcoin’s resilience despite recent market adjustments.
