BTC falls below $100,000》 BlackRock's Bitcoin ETF scale has surpassed its gold fund, bank analysis predicts accelerated institutional adoption next year

CryptoQuant founder Ki Young Ju stated yesterday (12th) that the scale of BlackRock's Bitcoin spot ETF has already surpassed its gold ETF. Sygnum Bank, the world's first digital asset bank, also pointed out recently that institutional adoption of Bitcoin will continue to accelerate next year. (Background: New York Mellon Bank is entering the Bitcoin ETF custody race, challenging Coinbase's dominant position) (Supplementary background: The U.S. institutional holdings report is out: a quick overview of which financial giants have entered the Bitcoin ETF?) Bitcoin today (13th) surged to $102,540 at midnight, followed by a significant correction, dipping as low as $99,311 earlier. As of the time of writing, it is struggling to stay above $100,000, currently reported at $99,672. Whether Bitcoin is in a bear trap is still uncertain, but CryptoQuant founder Ki Young Ju posted later yesterday (12th) on social platform X, stating that the scale of BlackRock's Bitcoin spot ETF has surpassed its gold ETF: The assets under management for BlackRock's Bitcoin spot ETF have exceeded that of the gold ETF, with billions of dollars flowing into the Bitcoin market each week. In a market mixed with naive money, smart money already knows who the winner is. Currently, the market cap of gold is $17 trillion, while Bitcoin's market cap is only $2 trillion. Please stand on the right side of history. It can be seen how massive the demand for Bitcoin has been in less than a year. BlackRock #Bitcoin ETF has now overtaken its gold ETF in AUM, with billions flowing into the Bitcoin market every week. Smart money already knows the winner. In a market blending dumb money, gold's market cap is $17T, Bitcoin's $2T. Be on the right side of history. pic.twitter.com/JaBzQM91p4 — Ki Young Ju (@ki_young_ju) December 12, 2024 Sygnum Bank: Institutional adoption will accelerate in 2025 Moreover, Sygnum Bank recently stated in its report (Cryptocurrency Market Outlook) that institutional adoption of Bitcoin has already had a multiplier effect on BTC prices, with every $1 billion net inflow into the spot ETF pushing Bitcoin up by about 3% to 6%. Sygnum Bank predicts that next year, large institutional investors, including sovereign wealth funds and pension funds, will accelerate their purchases of Bitcoin, and the price of Bitcoin may further soar: With progress in U.S. regulation and Bitcoin being viewed as a central bank reserve asset, the pace of institutional adoption of Bitcoin will continue to accelerate in 2025. Extended reading: U.S. Bitcoin spot ETF holdings exceed Satoshi Nakamoto! Bitwise: Altcoins' performance decouples from BTC, Ethereum rebounds. The outlook for altcoins remains uncertain. However, Sygnum Bank added that altcoins may need to wait longer to see if they will have better growth opportunities. They pointed out in their report: U.S. lawmakers need to establish appropriate asset class rules, allowing projects to deliver value to token holders without raising regulatory concerns for altcoins to thrive. In particular, the (Financial Innovation and Technology Act of the 21st Century) (FIT21 Act) and (Stablecoin Act) are crucial for cryptocurrencies. Related reports MicroStrategy expected to join the Nasdaq 100 index on 12/23! ETF will net purchase $2.1 billion in MicroStrategy shares Bloomberg analysts: Solana spot ETF expected to pass under the new SEC chairman. U.S. Bitcoin spot ETF holdings exceed Satoshi Nakamoto! Bitwise: Altcoins' performance decouples from BTC, Ethereum rebounds. "BTC falls below $100,000) BlackRock's Bitcoin ETF scale has surpassed its gold fund, bank analysis predicts accelerated institutional adoption next year." This article was first published on BlockTempo (the most influential blockchain news media).