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    US Bitcoin ETFs surpass gold funds in assets for the first time, reaching $129 billion

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    HI, Bitcoin is now superior over gold, B-man, superiority, excellence, supremacy, advantage, dominance, domination, ETF

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    On December 16, total assets in US Bitcoin exchange-traded funds (ETFs) surpassed those in gold funds for the first time, reaching $129 billion. This milestone, reported by Norway-based K33 Research, illustrates the growing interest in Bitcoin among large businesses. The leading Bitcoin ETF is the iShares Bitcoin Trust, managing nearly $60 billion. This surge in Bitcoin ETFs is attributed to increased optimism towards the cryptocurrency following Trump’s election victory, resulting in over $5 billion inflows. Rising geopolitical tensions are driving investors to both gold and Bitcoin, creating a surge in demand termed the ‘debasement trade’ by JPMorgan.

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    For the first time ever, the total assets in US Bitcoin exchange-traded funds (ETFs) have zoomed past those in gold funds, a major milestone happening on December 16. This basically means that more and more big businesses are showing interest in the famous digital currency. These stats are brought to you by K33 Research.

    Here’s how it played out. On this day, the total assets, or in simpler terms, the money managed in Bitcoin ETFs hit a whopping $129 billion. This was even more than the money managed in gold ETFs.

    Just in case you’re curious, K33 Research is a pretty cool research institute based out of Norway that digs deep into the world of digital currencies, like Bitcoin.

    According to a top ETF analyst at Bloomberg, Eric Balchunas, this total asset value includes the direct Bitcoin ETFs and also those that follow Bitcoin’s price action using smart financial tools, known as futures.

    To sum it up, if you consider all types of Bitcoin ETFs, they stand at $130 billion while gold ETFs are slightly behind at $128 billion. If you narrow it down to just direct Bitcoin ‘spot’ ETFs, they are valued at $120 billion. In comparison, gold is ahead at $125 billion. Either way, it’s pretty insane that within just under a year, Bitcoin funds are going toe to toe with gold.

    As for the star players in the Bitcoin ETF world, the iShares Bitcoin Trust bagged the top spot with nearly $60 billion under its management.

    The upsurge in money managed under Bitcoin ETFs reflects a growing optimism towards Bitcoin following Trump’s election win. This positive vibe has brought in over $5 billion inflows.

    And guess what, Blackrock’s iShares Bitcoin Trust (IBIT) even left Blackrock’s own gold ETF called iShares Gold Trust (IAU) in its dust.

    Things are getting heated as investors are flocking towards both gold and Bitcoin as they expect a crushing fallout due to increasing geopolitical tensions; a trend coined by JPMorgan as the ‘debasement trade’.

    This trend refers to a surge in demand for gold ignited by a mix of various reasons like constantly changing geopolitical uncertainty since 2022, doubts about long-term inflation outlook, and concerns about government deficits across the globe among other things.

    To add to the heat, the purchase power of Bitcoin when compared to gold has just hit new record highs as Bitcoin’s price continues to smash records.

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