Bloomberg analyst sees Bitcoin ETF AUM growing to 3x gold ETFs

Bloomberg Senior ETF Analyst Eric Balchunas said spot Bitcoin ETFs’ assets under management are likely to grow to around three times the size of gold ETFs over the long term. Speaking on Bitcoin Magazine TV, Balchunas said younger investors are expected to accumulate more wealth over time and increasingly adopt Bitcoin as a store of value. According to CoinMarketCap, BTC was trading at $76,599.92, up 1.12%.