Analyst predicts Bitcoin ETF asset size to surpass that of Gold ETF with 300 billion yuan trading volume in 35 minutes

What Happened?
According to a senior ETF analyst at Bloomberg, the total assets of a US Bitcoin ETF may surpass that of a gold ETF in the next two months.
Investors are optimistic about the inflow of funds into Bitcoin-related products, mainly due to Donald Trump’s victory, interest rate cuts by the Federal Reserve, and the belief that the next US Congress will be more supportive of cryptocurrencies.
Following this optimism and momentum, more cryptocurrency ETFs, including XRP, Solana (SOL), and Cardano (ADA), may be listed in the next week.
Total assets of the US Bitcoin ETF will surpass gold
According to the media outlet CryptoSlate, the assets under management (AUM) of the US Bitcoin ETF have reached $84 billion, approximately 66% of the AUM of gold ETFs.
Recently, Eric Balchunas, a senior ETF analyst at Bloomberg, predicted that based on the growth rate, the assets of a Bitcoin ETF may surpass that of a gold ETF in the next two months, faster than his previous estimate of “four to five years.”
In fact, according to Bloomberg’s report on November 9th, the assets of BlackRock’s iShares Bitcoin ETF (IBIT) have already surpassed its iShares gold ETF. It is worth noting that it took the gold ETF 20 years to reach this asset size, while the Bitcoin IBIT achieved it in less than 10 months, indicating the rapid growth in demand for Bitcoin ETFs.
Bloomberg pointed out that market participants are optimistic about the inflow of funds into Bitcoin-related products, mainly due to Donald Trump’s victory, interest rate cuts by the Federal Reserve, and the belief that the next US Congress will be more supportive of cryptocurrencies.
Bitcoin price and related ETF products continue to break records
In the past week, in addition to the continuous rise in the price of Bitcoin, the inflow of funds into Bitcoin ETFs has also continued to grow.
According to data from the UK asset management company Farside Investors, the spot Bitcoin ETF set multiple records last week. For example, on November 7th, the trading volume of IBIT reached $4.1 billion, the highest trading activity since its listing. Overall, the trading volume on that day for Bitcoin ETFs listed in the US was $6 billion.
Balchunas pointed out that the trading volume of IBIT that day exceeded the combined trading volume of large stocks such as Netflix and Visa.
Moreover, as Bitcoin continued to surge over the weekend, on November 11th, IBIT attracted $1 billion in trading volume in just 35 minutes.
Following this optimism and momentum, Nate Geraci, CEO of the investment advisory firm The ETF Store, predicts that there may be more cryptocurrency ETFs listed in the next week, including XRP, Solana (SOL), and Cardano (ADA). He stated that many issuers have prepared adequately for the market changes that the election results may bring and are accelerating the launch of new products.
Source:
CryptoSlate, Bloomberg