The digital asset Bitcoin has completely outperformed traditional assets like gold, especially since the introduction of spot Bitcoin ETFs in the U.S. on October 12, 2023. Year-to-date, Bitcoinâs returns are soaring at 65%, while gold ETFs trail behind at 32%. This massive performance gap highlights Bitcoinâs appeal among modern investors! đ
đ° Unstoppable Growth in Bitcoin ETFs:
With total assets under management (AUM) in Bitcoin ETFs climbing over $70 billion, Bitcoin ETFs now account for more than half the size of all physical gold ETFs combined, valued around $130 billion. In just 10 months, Bitcoin ETFs have achieved what gold ETFs took nearly two decades to build!
đ„ $2.2 Billion Inflows in One Week Alone!
Last week, Bitcoin ETFs attracted a whopping $2.2 billion in net inflows as the U.S. presidential election drew near. With increasing investor anxiety around the election outcome, many turned to Bitcoin as a hedge, showcasing the evolving role of crypto in the investment landscape.
đ Key Highlights:
Bitcoin ETF AUM: $70 billion in 10 months.
Gold ETF AUM: $130 billion over two decades.
Net Inflows: Bitcoin Trust (IBIT) at $25.8 billion since January vs. Gold Trust (GLD) at $20.9 billion since 2004.
Speculation: A Trump win could further boost Bitcoinâs value.
As more investors go bullish on Bitcoin, its upside potential continues to grow, proving that the digital asset may just be the new "gold" for contemporary portfolios. Stay tuned as the election countdown continues, with Bitcoin potentially heading to new heights! đ