U.S. Bitcoin ETFs surpass gold counterparts in assets under management

Vetle Lunde, Head of Research at K33 Research, recently shared on X that as of Dec. 16, the total assets under management (AUM) of Bitcoin ETFs exceeded those of gold ETFs in the U.S. The combined AUM of these Bitcoin ETFs, including spot, futures and leveraged-based funds, reached $129 billion. Eric Balchunas, a Bloomberg ETF analyst, expressed his astonishment at Bitcoin funds competing with gold in this way, especially considering they only launched 11 months ago.