Bitcoin Spot ETFs May Overpower Gold ETFs in Two Years: Analyst
Market analyst and President of the ETF Store, Nate Geraci, predicts that US-based spot Bitcoin ETFs may surpass the cumulative net flows of Gold ETFs in just two years. Geraci’s forecast is based on the ETF’s exponential growth since its launch in January, and the fact that it has already achieved over $65 billion in total net assets in less than a year, a milestone that took Gold ETFs five years to reach.
Spot Bitcoin ETFs currently have 11 trading options compared to the 5,000 Gold ETFs available globally. This prediction comes on the heels of the Bitcoin ETF’s impressive performance, attracting over $2 billion in weekly net flows recently.
Notably, the spot Bitcoin ETFs have significantly impacted global financial markets with net inflows of $2.13 billion, coinciding with a 9.23% surge in Bitcoin prices nearing the $70,000 resistance zone. Given the upcoming crypto bull run and the growing adoption of digital assets, Geraci believes that Bitcoin ETFs could overtake their Gold counterparts in the coming years.
