Bitcoin exchange-traded funds now collectively manage approximately $104 billion, and are on track to surpass gold ETFs in net assets.
United States Bitcoin (BTC) exchange-traded funds (ETFs) broke $100 billion in net assets for the first time on Nov. 21, according to data from Bloomberg Intelligence.
Bitcoin has dominated the ETF landscape since spot BTC ETFs launched in January. Investor interest accelerated after crypto-friendly President-elect Donald Trump prevailed on Nov. 5 in the US elections.
Collectively, BTC ETFs now manage approximately $104 billion. They are on track to surpass gold ETFs in net assets, which together hold approximately $120 billion in assets under management (AUM) as of Nov. 21, according to Bitcoin Archive.
