Follow Us @
Bitcoin ETF outperforms Gold and attracts more and more institutional investors
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.
Bitcoin ETFs have revolutionized the digital investment market since their approval in January, recently reaching the US$70 billion mark in assets under management (AUM).
With this impressive appreciation, Bitcoin ETFs have surpassed the volume of gold ETFs, considered a benchmark in the sector for more than two decades. This growth confirms the growing appetite of institutional investors for the largest cryptocurrency in the world.
According to Nate Geraci, co-founder of ETF Institute and president of ETF Store, the value of Bitcoin ETFs has increased by more than 50% since January.
“The increase in AUM of Bitcoin ETFs to more than US$70 billion in just 10 months shows the strength of the asset as an alternative to traditional investments such as gold,” said Geraci in a recent post on the X network (formerly Twitter) .
Bitcoin ETF
By comparison, gold ETFs, which have been around for nearly 20 years, have recorded about $130 billion in assets under management.
The data also shows faster growth in new contributions to Bitcoin ETFs. The BlackRock Bitcoin Trust (IBIT), for example, has recorded US$25.8 billion in new investments since January, while the same group’s Gold Trust (GLD) has raised US$20.9 billion since its launch in 2004.
“Bitcoin has attracted more and more investors, surpassing traditional assets due to its significant appreciation and high year-to-date return,” commented Matt Hougan, investment director at Bitwise.
Bitcoin’s performance reflects investor demand for an asset that offers growth and innovation, with Bitcoin up about 65% year-to-date in 2024. In comparison, gold has appreciated by 32% over the same period. Inflows into Bitcoin ETFs totaled $24 billion for the year, while gold ETFs attracted approximately $2 billion.
Last week, Bitcoin ETFs registered around US$2.2 billion in new contributions, driven by the proximity of the presidential elections in the United States. Many analysts believe that a possible victory for Donald Trump could boost the price of Bitcoin, as the Republican candidate has already shown sympathy for the crypto sector in his speech.
Bitcoin ETF outperforms Gold and attracts more and more institutional investors
Follow TODAYSGIST on Google News and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!
Bitcoin ETF outperforms Gold and attracts more and more institutional investors
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Bitcoin ETF outperforms Gold and attracts more and more institutional investors
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
Bitcoin ETF outperforms Gold and attracts more and more institutional investors
