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Bitcoin ETFs Outperform Gold ETFs with $129.3 Billion in Assets
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Bitcoin ETFs surpassed gold ETFs for the first time, marking a historic moment in the global financial market.
According to data from K33 research, Bitcoin investment funds accumulate US$129.3 billion in assets under management (AUM). Meanwhile, gold ETFs total US$128.9 billion.
The overtaking took place in December 17, 2024putting an end to a leadership of 20 years of gold as the main reserve asset. This milestone reflects the historical record of Bitcoin in 2024, a year in which cryptocurrency consolidated its place as a solid and attractive alternative in the investment market.
The growing preference for digital assets, such as Bitcoin, indicates a paradigm shift among investors, who are now seeking highest return and diversification compared to traditional commodities.
Bitcoin ETFs originated in Canada, in February 2021when the market launched the first funds of its kind in the world. The novelty attracted billion dollars of Canadian and international investors interested in the main cryptocurrency on the market.
However, the situation changed with the approval of the Bitcoin ETFs in the United States in early 2024. The entry of North American funds significantly increased liquidity and confidence of investors, increasing the volume of assets under management at an accelerated pace.
THE goldwhich for decades occupied the position of “safe haven” in times of uncertaintybegins to lose ground to Bitcoin. This advance symbolizes the modernization of the financial marketwhere digital assets like Bitcoin are gaining ground among institutional and individual investors.
The extraordinary performance of Bitcoin, combined with the growing acceptance of cryptocurrencies by large financial institutions, has attracted more and more capital. Furthermore, Bitcoin offers liquidity, transparency and one appreciation potential superior to gold, factors that are redefining investors’ choices.
The approval of Bitcoin ETFs in the US also provided a regulated and more accessible exposure to cryptocurrencywhich helped to consolidate its position as a leading asset on the market. Now, global investors find Bitcoin a more dynamic and modern alternative compared to traditional commodities.
Bitcoin ETFs Outperform Gold ETFs with $129.3 Billion in Assets
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Bitcoin ETFs Outperform Gold ETFs with $129.3 Billion in Assets
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Bitcoin ETFs Outperform Gold ETFs with $129.3 Billion in Assets
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Bitcoin ETFs Outperform Gold ETFs with $129.3 Billion in Assets
