Source: cryptoslate
Compiled by: Blockchain Knight
As of November 11, the spot BTC ETF traded in the US holds $84 billion, which is approximately 66% of the total AUM of gold ETFs.
Bloomberg ETF senior analyst Eric Balchunas believes that based on the current growth trajectory of the spot BTC ETF, it is expected to fully surpass the AUM of gold ETFs within the next two months.
Balchunas added: "This is much faster than my initial estimate of four to five years."
Meanwhile, The ETF Store CEO Nate Geraci recently emphasized that BlackRock's iShares BTC ETF (IBIT) has exceeded the AUM of the company's gold ETF - iShares Gold ETF (IAU).
Geraci pointed out that BlackRock's gold ETF took 20 years to reach this level, while the BTC ETF did it in less than 10 months.
Data from Farside Investors shows that the spot BTC ETF set multiple records last week.
On November 7, IBIT saw a single-day inflow of over $1 billion, causing the total inflow of spot BTC ETFs to exceed $1.3 billion, setting a new collective record.
IBIT closed at $4.1 billion in trading volume on November 7, which was the most significant trading activity since its launch.
The spot BTC ETFs traded in the US recorded a trading volume of $6 billion, once again setting a new record for a newly issued fund.
Balchunas emphasized that IBIT's trading volume on that day was higher than that of stocks like Berkshire, Netflix, and Visa.
After BTC reached a new ATH over the weekend and continued to rebound, IBIT had a trading volume of $1 billion in the first 35 minutes of trading on November 11.
Other ETFs have also experienced similar surges, and Bitwise CEO Hunter Horsley stated that the company's products are seeing "tremendous trading volume".
Geraci predicts that there may be more Crypto asset-related ETFs listed this week, such as XRP, Solana (SOL), and Cardano (ADA).
Geraci explained that multiple issuers have been "highly prepared" for the election results, and being proactive is not a bad idea given the current market conditions.
