Financial reports from ETF providers and updates from financial news outlets

Bitcoin ETFs Surpass Gold ETFs with $129.3B vs. $128.9B in Assets, Ending Gold's 20-Year Lead

Dec 17, 2024, 03:33 PM

According to recent reports, assets under management (AUM) for U.S. spot Bitcoin exchange-traded funds (ETFs) have surpassed those of gold-based ETFs for the first time. As of December 17, 2024, Bitcoin ETFs hold approximately $129.3 billion in assets, exceeding the $128.9 billion held by gold ETFs, which have been in operation for over 20 years. This shift marks a significant milestone in the cryptocurrency market, highlighting a record-breaking year for Bitcoin and suggesting a growing preference among investors for digital assets over traditional commodities like gold.