BlackRock Bitcoin ETF Surpasses Gold ETF in AUM
12/12/2024 8:33:19 AM
According to Ki Young Ju, BlackRock's Bitcoin ETF has now surpassed its gold ETF in assets under management (AUM), with substantial capital inflows into the Bitcoin market weekly. This trend suggests that 'smart money' is favoring Bitcoin over gold. Despite gold having a significantly larger market cap of $17 trillion compared to Bitcoin's $2 trillion, the shift in investment dynamics indicates a potential change in market leadership. Traders are advised to consider positioning themselves on what is perceived as the 'right side of history' by aligning with the growing preference for Bitcoin. (Source)
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