Bitcoin ETFs Hit $61.89bn AUM, 65% of Gold ETFs, with $1bn Inflow

Bitcoin ETFs have shown exceptional growth since their launch, with total assets now exceeding $55 billion and trading volumes hitting $110 billion in just 8 weeks. The 11 spot Bitcoin ETFs approved by the SEC in January now collectively hold approximately $54.4 billion in assets, closely approaching the world's largest Gold ETF, which has $57.1 billion in AUM. Bloomberg's Eric Balchunas noted that Bitcoin ETFs are expanding at a rapid pace, likely to surpass gold ETFs in size within a few months. Indeed, as of March 12, the total assets in these Bitcoin ETFs have surpassed the largest Gold ETF, with a total net asset value of $58.36 billion, and by March 13, reaching $61.89 billion in total AUM, representing 65% of US Gold ETFs' AUM of $95.87 billion. This growth includes a record inflow of more than $1 billion in a single day.