Bitcoin exchange-traded funds (ETFs) are rapidly closing the gap with traditional gold ETFs in the United States. As of December 17, 2024, Bitcoin ETFs have achieved 88% of the assets under management (AUM) held by U.S. gold ETFs, according to recent data.
Currently, Bitcoin ETFs collectively manage over 1.13 million BTC, translating to approximately $121.83 billion in AUM. In comparison, U.S. gold ETFs hold a slightly higher AUM, maintaining a diminishing lead as investor interest shifts.
This trend reflects a significant shift in investor sentiment, with many viewing Bitcoin as a viable alternative to gold for portfolio diversification and as a hedge against economic uncertainties. The approval and subsequent launch of multiple Bitcoin ETFs earlier this year have provided investors with more accessible avenues to gain exposure to the cryptocurrency market.
