- It was reported that the asset size of Bitcoin exchange-traded products (ETPs) is approaching that of gold ETPs.
- Bitcoin ETPs are approximately $120 billion, while gold ETPs are about $140 billion in size.
- Bitcoin ETPs are rapidly closing the gap with a difference of about $24 billion.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The asset under management (AUM) size of Bitcoin (BTC) exchange-traded products (ETPs) has approached that of gold ETPs.
On the 27th (local time), Nate Geraci, CEO of ETF Store, stated on X, "The asset size of Bitcoin spot ETPs is nearing that of gold spot ETPs," adding that "gold ETPs were launched in 2004."
Alex Thorn, Head of Research at Galaxy Digital, reported that "Bitcoin spot ETPs have $24 billion left to surpass the gold ETP asset size," indicating that Bitcoin ETPs are experiencing rapid growth.
According to Galaxy Digital data, the asset sizes of Bitcoin spot ETPs and gold ETPs are approximately $120 billion and $140 billion, respectively.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
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