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[Bloomberg](https://www.bloomberg.com) and [SEC]
Bitcoin spot ETFs in the U.S. have surpassed gold ETFs in assets under management for the first time, marking a significant shift in investor sentiment towards digital assets. As of December 16, 2024, Bitcoin ETFs reached over $129 billion, while gold ETFs were just under that threshold. This rapid growth follows the launch of Bitcoin ETFs in January 2024, highlighting Bitcoin's emerging status as "digital gold" amid increasing demand for decentralized investments. Leading the Bitcoin ETF market is BlackRock’s iShares Bitcoin Trust (IBIT), which has nearly $60 billion in assets.
In less than a year since their launch, U.S. spot Bitcoin ETFs have amassed over 500,000 BTC in cumulative net inflows, valued at over $50.5 billion. BlackRock’s iShares Bitcoin Trust became the fastest ETF to surpass $50 billion in assets, achieving this in just 228 days. Recent inflows have been bolstered by growing institutional interest and a significant BTC price rally, with net inflows totaling $34.58 billion across the 12 funds.
Wall Street is transforming bitcoin trading with new financial products, including spot bitcoin ETFs and options, enhancing liquidity and allowing for leveraged bets. The U.S. spot bitcoin funds have amassed over $100 billion, with record inflows following interest rate cuts. As trading activity surges, investor confidence in bitcoin's long-term growth potential is evident, despite the market's inherent volatility.
Bitcoin's speculative excitement is waning following a 30% surge since the US election on November 5, driven by President-elect Trump's pro-crypto stance. The cryptocurrency dipped below $87,000 after comments from Federal Reserve Chair Jerome Powell regarding interest rates, later recovering to $90,265. In the derivatives market, a decline in the premium for CME-listed Bitcoin futures suggests a shift in risk profiles, with a notable increase in bearish options for a strike price of $80,000.
Vetle Lunde
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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