Bitcoin ETFs top gold in total assets within a year of launch

Bitcoin exchange-traded funds (ETFs) in the United States have now eclipsed gold ETFs in total assets, achieving this feat in less than a year of their launch.

According to data from K33 Research, the combined assets of 12 Bitcoin ETFs have reached $129.3 billion. Meanwhile, gold ETFs hold a slightly lower total of $128.9 billion. This shift highlights Bitcoin’s rapid rise in the ETF market, outpacing gold, which has enjoyed a two-decade advantage.

Bitcoin ETFs vs Gold ETFs (Source: K33 Research)

Investor appetite for BTC ETFs has surged, especially following the success of pro-crypto candidate Donald Trump in the US elections on Nov. 5. The sector’s growth has been further fueled by consistent inflows, marked by a 13-day streak during which these ETFs attracted over $2 billion.

BlackRock’s iShares Bitcoin Trust (IBIT) leads the market with over $54 billion in assets. This figure is nearly double its iShares Gold Trust (IAU) holdings, underlining BTC’s growing dominance in the sector.

BlackRock BTC ETF vs. Gold ETF (Source: Thesis)

Meanwhile, Grayscale’s Bitcoin Trust (GBTC) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) also play significant roles, each managing approximately $22 billion in assets.