According to COINOTAG News on November 12, Bloomberg’s senior ETF analyst Eric Balchunas recently highlighted a significant milestone in the cryptocurrency sector. He revealed that the asset size of the US Spot Bitcoin ETF has surged to an impressive $84 billion, which represents approximately two-thirds of the total assets held in the Gold ETF. Balchunas noted that this rapid growth trajectory suggests the potential for the Bitcoin ETF to surpass gold in assets within its first year of operation, a feat he initially anticipated would take between three to four years. This development underscores the increasing institutional interest in digital assets, pointing to a broader acceptance and diversification of investment strategies within the market.
Source: https://en.coinotag.com/breakingnews/us-spot-bitcoin-etf-surges-to-84-billion-poised-to-surpass-gold-in-just-one-year/