The net assets of Bitcoin (BTC) exchange-traded funds (ETFs) in the US surpassed gold funds for the first time on December 16. According to K33 Research data, BTC ETFs have surpassed gold ETFs in total, exceeding $129 billion. This figure includes spot BTC ETFs and ETFs that track derivatives, Bloomberg analyst Eric Balchunas noted. The rapid rise of Bitcoin ETFs reflects investors’ growing interest in the cryptocurrency. How could this development affect Bitcoin’s place in the financial market? Share your thoughts in the comments.