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Will U.S. Bitcoin ETFs surpass U.S. Gold ETFs in AUM by June 30, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Financial reports and data from ETF providers and financial news outlets
Story
Bitcoin Hits $101,000 Amid Record ETF Inflows and Institutional Adoption
Dec 11, 2024, 03:23 PM
Bitcoin has surged back above the $100,000 mark, reaching as high as $101,000 on December 11, 2024. This milestone marks a significant rally after a period of consolidation, with the cryptocurrency gaining global acceptance from central banks, corporations, and governments, solidifying its position as a serious financial asset. The rise comes amid bullish market sentiment, increased institutional adoption, and record inflows into Bitcoin exchange-traded funds (ETFs). BlackRock's Bitcoin ETF saw inflows of 3,071 BTC ($302.89 million), bringing its total holdings to 530,832 BTC ($52.36 billion). The total assets under management for U.S. Bitcoin ETFs now stand at $110.43 billion, nearing the $126.34 billion held by U.S. Gold ETFs.
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