Data from financial research firms such as K33 Research or Bloomberg

Bitcoin ETFs Surpass Gold ETFs in AUM, Reaching $129.3 Billion

Dec 17, 2024, 04:04 PM

Bitcoin exchange-traded funds (ETFs) in the United States have surpassed gold ETFs in total assets under management (AUM) for the first time. As of December 16, 2024, Bitcoin ETFs collectively hold $129.3 billion in assets, compared to $128.9 billion for gold ETFs, according to data from K33 Research. This milestone comes less than a year after the launch of Bitcoin ETFs, highlighting their rapid growth compared to gold ETFs, which have been in the market for two decades. BlackRock’s iShares Bitcoin Trust (IBIT) leads the Bitcoin ETF market with over $54 billion in assets, nearly double the holdings of its iShares Gold Trust (IAU). Grayscale’s Bitcoin Trust (GBTC) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) also contribute significantly, each managing approximately $22 billion in assets. The surge in Bitcoin ETF adoption has been driven by consistent inflows, with a recent 13-day streak attracting over $2 billion.