Bloomberg analyst: If the spot Bitcoin ETF maintains its current growth rate, it will surpass the gold ETF by this summer

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2024/03/05 15:30

Bloomberg analyst Eric Balchunas posted on the X platform that the assets of ten physical Bitcoin ETFs have exceeded $50 billion. Just 7 weeks ago, their assets were less than $30 billion. About $8 billion came from inflows, with the rest coming from the increase in Bitcoin value. If they maintain this pace and add $10 billion each month, they will surpass gold ETFs by this summer (which is quite crazy but very likely if BTC prices meet this requirement).

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