Bitcoin ETF Assets Surpass Gold Funds

The assets under management (AUM) of all American Bitcoin ETFs have exceeded $129 billion, surpassing the equivalent figure for gold exchange-traded funds. This was reported by Vetle Lunde, Head of Research at K33 Research.

In the United States, Bitcoin ETF AUM has surpassed gold ETF AUM.

Gold, with a 20-year head start, has been flipped. pic.twitter.com/nyCWtKtQaB

— Vetle Lunde (@VetleLunde) December 17, 2024

“Gold, with its 20-year head start, has lost its lead,” noted the researcher.

This refers to the total amount for all types of Bitcoin ETFs in the US. According to Bloomberg analyst Eric Balchunas, the combined AUM of spot, futures, and leveraged funds is about $130 billion, which is higher than the $128 billion for all gold counterparts.

People asking me about this. Answer is YES, if you include all bitcoin ETFs (spot, futures, levered) they have $130b vs $128b for gold ETFs. That said, if you just look at spot, btc is $120b vs $125b for gold. Either way, unreal we even discussing them being this close at 11mo. https://t.co/hq8QAc14Xa

— Eric Balchunas (@EricBalchunas) December 17, 2024

“If you look only at spot instruments, Bitcoin is $120 billion versus $125 billion for gold. Either way, it’s remarkable that we’re even discussing such a small gap just 11 months after launch,” the expert noted.

The AUM of exclusively American spot Bitcoin ETFs is $115.75 billion; the peak figure is $121.68 billion.

The growth of inflows into American crypto funds has intensified amid the US presidential elections. Inflows have been continuous since November 27.

On December 12, total inflows since launch exceeded 500,000 BTC — more than 2.5% of all coins in circulation.

According to Galaxy Research, the ratio of Bitcoin to gold market capitalization has reached a historic high of 14%.

? #Bitcoin market cap as % of Gold market cap reaches new all-time high at 14% pic.twitter.com/FP42fnkjle

— Alex Thorn (@intangiblecoins) December 16, 2024

The first cryptocurrency ranks seventh in market capitalization among public companies, cryptocurrencies, and exchange-traded funds — above silver, but below gold and the five most valuable corporations in the world.

At the time of writing, Bitcoin is trading at $100,500. Its market capitalization stands at $1.99 trillion.

According to CoinGecko, the total value of assets in the crypto market is $3.66 trillion.

Back on November 18, amid a Fed rate cut, Bitcoin’s price fell below $104,000.