U.S.-listed Bitcoin exchange-traded funds have rapidly accumulated tens of billions in assets, reaching half that held by gold ETFs in record time.

Since launching in January 2024, Bitcoin ETFs have attracted substantial inflows, totaling $23.89 billion and $70 billion in total net assets, per data from SoSoValue.

By comparison, total net assets for U.S.-listed gold ETFs stand at $137.3 billion, according to the latest figures from the World Gold Council.

That means that in just 10 months, spot Bitcoin ETFs have amassed over 50% of the assets held by gold ETFs, which have been around for two decades, Nate Geraci, president of The ETF Store, tweeted Thursday.

The rapid adoption of Bitcoin ETFs reflects the quickening of mainstream interest in digital assets, according to some, with recent daily inflows ranging from $192 million to as much as $893 million.

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Author: Sebastian Sinclair