With the increasing popularity of bitcoin ETFs and the rise in BTC’s price, the amount of assets being invested in these funds has surpassed half of those in gold ETFs. As of Monday, the 269 US spot bitcoin ETFs have exceeded $22 billion in assets under management, according to data from BitMEX Research. The Grayscale Bitcoin Trust (GBTC) brought over approximately $21 billion in assets when it converted to an ETF in January 2020. This implies that the segment’s assets have almost doubled in seven weeks, thanks to $7.9 billion in net inflows and the increase in the price of the funds’ underlying bitcoin. Are you monitoring bitcoin ETFs? Keep informed with our bitcoin ETF monitor.. Despite nearly $9.3 billion in net outflows, GBTC’s assets have returned to $28 billion thanks to recent BTC price increases.. The Grayscale fund remains the top leader in the bitcoin ETF market, followed by BlackRock’s IBIT and Fidelity’s FBTC with assets of $11.5 billion and $7.5 billion respectively.. Learn more: Is BlackRock the frontrunner in the bitcoin ETF market?. Physically backed gold ETFs hold approximately $91 billion in assets, with the majority of that amount, around $103 billion, in State Street Global Advisors’ SPDR Gold Shares (GLD). GLD was the first fund of its kind in 2004. It took BlackRock’s IBIT seven weeks to reach $10 billion in assets, a milestone that GLD took about two years to achieve. Bloomberg Intelligence analysts predict that bitcoin ETF assets may surpass those of gold ETFs within two years. Since its launch in January, IBIT has accumulated inflows of nearly $8.4 billion. According to data from BitMEX Research, 11… In contrast, GLD has experienced outflows totaling approximately $2.9 billion during that time. As bitcoin ETFs become more popular than gold funds, could a shift in dominance be imminent? Some people compare bitcoin to digital gold, which has become a common comparison between the two asset classes. Hunter Horsely, CEO of Bitwise, a bitcoin ETF issuer, mentioned this in February. In a recent post, he expressed his belief that bitcoin will quickly capture a larger share of the total market for gold than anticipated. He also stated that the introduction of Bitcoin ETFs was a significant milestone for the cryptocurrency.