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    Bitcoin ETFs Approach $104 Billion, Nearing Gold ETFs Amid Rising Investor Interest

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    The collective value of Bitcoin ETFs reached $104bn for the first time on 21 November, edging closer to overtaking gold ETFs, which have around $120bn under management. Since the first Bitcoin ETFs were launched in January, they have seen significant investor interest, especially following Trump’s election win. BlackRock’s iShares Bitcoin Trust (IBIT) leads with $30bn inflows since January, while Fidelity’s Bitcoin Fund saw more than $11bn this year. Amid global tensions, investors are increasingly choosing gold and Bitcoin.

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    Hey Bitcoin lovers, did you know that the Bitcoin Exchange-Traded Funds (ETFs) in the US have congregated $100 billion in net assets for the very first time on November 21? You can check this out on Bloomberg Intelligence.

    Ever since the first Bitcoin ETFs were launched back in January, they’ve held a significant position in the ETF scene. The interest of investors skyrocketed after crypto-friendly Donald Trump won the US election on November 5.

    The collective value of Bitcoin ETFs is around $104 billion. They are closely inching towards overtaking gold ETFs in terms of net assets. The gold ETFs collectively have approximately $120 billion in assets under management as of November 21, as per Bitcoin Archive.

    According to Eric Balchunas, an ETF analyst at Bloomberg Intelligence, Bitcoin ETFs are very close to passing Satoshi, the biggest holder of Bitcoin, and gold ETFs in asset value.

    Regarding Bitcoin ETF performance, BlackRock’s iShares Bitcoin Trust (IBIT) is leading the charge with net inflows of $30 billion since January, according to Bloomberg. The Fidelity Wise Origin Bitcoin Fund (FBTC) ranks second and has seen more than $11 billion in inflows this year.

    After Trump won the US presidential election, the crypto market took off as many believed his victory would positively impact the industry. As of November 21, the trading price of Bitcoin was over $96,000, which is close to a 120% increase since the start of the year.

    Following Trump’s election, November 6 marked the day with the highest trading volume for BlackRock’s IBIT. On November 7, IBIT saw inflows of $1.1 billion, regaining its inflow status after consecutive days of outflows.

    Bitcoin’s value is predicted to reach between $100,000 and $150,000 per coin by MV Global. Meanwhile, BlackRock’s IBIT managed to gather more assets than its gold ETF within the year of its launch. As per recent trends, amid global tensions, investors are shifting their investments towards gold and Bitcoin as they prepare for a potential disaster scenario.

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