According to data from K33 Research, on Dec. 16, the combined net assets of US Bitcoin ETFs surpassed those of gold funds for the first time, reflecting growing institutional interest in the crypto.
On that date, US Bitcoin ETFs collectively topped $129 billion in assets under management, surpassing US gold ETFs, which held slightly less, as Vetle Lund, head of research at digital asset researcher K33 Research, noted in a Dec. 17 post on X.
Bloomberg ETF analyst Eric Balchunas clarified this figure for assets under management includes both spot Bitcoin ETFs and those that track Bitcoin performance using financial derivatives such as futures.
Balchunas explained that if all Bitcoin ETFs (spot, futures and leveraged) are taken into account, they have $130 billion, compared to $128 billion for gold ETFs.