US Bitcoin ETFs Set To Overtake Gold ETFs by Year-End, Forecasts Reveal

Key Takeaways

• Bitcoin ETFs are rapidly closing the gap on gold ETFs in terms of assets under management.
• Bitcoin has significantly outperformed gold in terms of price appreciation and investor interest.
• Bitcoin ETFs are on the verge of surpassing Satoshi Nakamoto’s estimated BTC holdings.

The Bitcoin ETF boom is showing no signs of slowing, positioning them to surpass both gold ETFs and the legendary holdings of Bitcoin’s (BTC) enigmatic creator, Satoshi Nakamoto.

Bitcoin ETFs May Overtake Gold ETFs

According to Bloomberg analyst Eric Balchunas , U.S. Bitcoin ETFs are narrowing the $23 billion asset gap with gold ETFs.

At the time of writing, Bitcoin ETFs managed $107 billion, 86% of gold ETFs’ $130 billion total.

With $3.3 billion in inflows last week, BlackRock’s iShares Bitcoin Trust (IBIT) has emerged as a leader, holding $48.4 billion in Bitcoin, far ahead of its iShares Gold Trust, which manages $34 billion in gold assets.

Blachunas predicts BTC ETFs could surpass gold ETFs by Christmas if current growth continues.

Outperforming Gold ETFs in Gains and Growth

It’s worth noting that Bitcoin ETFs have amassed over $70 billion in assets in just 10 months, eclipsing the pace set by physical gold ETFs, which took nearly 20 years to reach $130 billion.

Year-to-date, BTC ETFs have attracted $24 billion in inflows compared to $2 billion for gold ETFs.

These inflows have fueled a 65% year-to-date surge in Bitcoin’s price, outstripping gold’s 32% return and underscoring Bitcoin’s allure for investors seeking higher growth opportunities.

Approaching Satoshi Nakamoto’s Bitcoin Holdings

The rapid expansion of Bitcoin ETFs is poised to cross another historic milestone: surpassing Satoshi Nakamoto’s estimated 1.1 million BTC holdings.

With current ETF holdings at 1.081 million BTC, this achievement could happen by Thanksgiving.

Balchunas notes ETFs are already 98% of the way to overtaking Nakamoto’s holdings, further cementing Bitcoin ETFs as dominant players in the crypto market.

As Bitcoin ETFs continue to redefine market dynamics, their rise underscores investors’ evolving preferences, bridging the divide between traditional assets and digital currencies.