The release of the Bitcoin ETPs has been a remarkable development for the financial world, with many funds achieving momentous landmarks. According to the latest data, the $IBIT ETF has gained substantial attention by breaking records as the rapidest ETP to touch the $10B and $20B marks in terms of assets under management. These big achievements reportedly took place within only two hundred days of the ETPs’ launch.
Bitcoin ETFs See a Record-Breaking Surge in AUM
This noteworthy uptake in the AUM of the Bitcoin ETFs mirrors the mounting demand for regulated $BTC investment products. A potential reason behind this is that these products permit the investors to get crypto exposure without straightly holding or even managing it. While retail and institutional investors are looking for alternatives to conventional assets, $BTC ETFs have provided a relatively secure and accessible way in the case of the digital asset industry.
A more notable thing is that the Bitcoin exchange-traded funds have outperformed the precious metal gold in the case of inflows. Gold has a good reputation in the case of long-standing performance when it comes to economic instability and inflation. Even then, these ETFs have made an extraordinary move by out-competing the precious metal.
The Development Signifies a Broader Sentiment Shift among the Investors
Hence, the record-breaking performance of the respective ETFs denotes a shift in the overall investor sentiment concerning digital assets. Particularly, Bitcoin is seeing considerable growth as a store of value.
Source: https://blockchainreporter.net/bitcoin-etfs-break-records-exceeding-20b-in-assets-under-management/