The race is on between Bitcoin and gold ETFs in the US. With the SEC's approval of spot-price Bitcoin ETFs, the competition is heating up. Currently, gold ETFs are leading the pack, with around $98.6 billion in assets under management (AUM). However, Bitcoin ETFs are quickly catching up, with around $57.8 billion in AUM.¹
Some analysts believe that Bitcoin ETFs could potentially surpass gold ETFs by the end of the year. This is due in part to the growing demand for cryptocurrency investments. In fact, the combined daily trading volume for the 10 Bitcoin ETFs recently reached a staggering $7.7 billion.²
It's worth noting that the introduction of Bitcoin ETFs has also had an impact on the price of gold. Some investors are opting for Bitcoin as a hedge against inflation, rather than traditional safe-haven assets like gold.
As the competition between Bitcoin and gold ETFs continues to heat up, it will be interesting to see which one c
omes out on top. One thing is certain, however - the growth of cryptocurrency investments is showing no signs of slowing down.