As of November 11, spot Bitcoin ETF funds traded in the U.S. are managing assets amounting to 84 billion USD, equivalent to about 66% of the total assets under management (AUM) of gold ETF funds.

Eric Balchunas, a senior ETF analyst at Bloomberg, stated that the current growth rate of spot Bitcoin ETF funds could help them surpass the total AUM of gold ETF funds within the next two months. This is notable compared to his initial forecast, which estimated around four to five years.

Nate Geraci, CEO of The ETF Store, also pointed out that BlackRock's iShares Bitcoin ETF (IBIT) has officially surpassed the AUM of its iShares Gold ETF (IAU). According to Geraci, while BlackRock's gold ETF took up to 20 years to reach this milestone, the Bitcoin ETF only needed less than 10 months.

Record-breaking week

According to data from Farside Investors, spot Bitcoin ETF funds have continuously broken many records over the past week. On November 7, IBIT recorded over 1 billion USD in inflows in just one day, pushing the total inflow of spot Bitcoin ETF funds to over 1.3 billion USD, setting a new record for the entire industry.

On the same day, IBIT ended the trading session with a volume of 4.1 billion USD – the highest since the fund launched. In total, spot Bitcoin ETF funds in the U.S. reported 6 billion USD in trading volume, setting another new record.

Balchunas also noted that the trading volume of IBIT that day surpassed major stocks such as Berkshire Hathaway, Netflix, and Visa.

On November 11, IBIT reached 1 billion USD in trading volume in just the first 35 minutes of the session, as the price of Bitcoin hit a record high over the weekend and continued its strong growth trend. Other ETF funds also witnessed similar buying pressure, with Bitwise CEO Hunter Horsley stating that the company's products are recording 'significant trading volume.'

Geraci predicts that this week there will be more crypto-related ETFs listed, including XRP, Solana (SOL), and Cardano (ADA). He stated that issuers have 'prepared thoroughly' for post-election developments and are ready to seize opportunities to take advantage of the current market trend.


Source: https://tapchibitcoin.io/etf-bitcoin-co-kha-nang-vuot-qua-quy-etf-vang.html