Posted 1/18/2024, 9:34:00 PM
Bitcoin ETFs See Explosive Growth, Rivaling Gold and Silver ETFs Within Days of Launch
- Bitcoin ETFs instantly had more assets than silver ETFs when approved by the SEC, with nearly $30B vs $11B for silver
- Bitcoin ETFs trail only gold among commodity ETFs, with gold having $95B in assets
- Bitcoin is sometimes called "digital gold" and this validation shows its role as a reserve asset
- The bitcoin ETF launch marked a historic event for both crypto and ETFs in general
- The new bitcoin ETFs saw nearly $900M in inflows within the first 3 days, far higher than most new ETFs