Bloomberg: Bitcoin ETFs opened a new era of crypto financialization
- —Bitcoin ETFs reached $100 billion in AUM in 15-18 months; gold ETFs took 7-8 years
- —IBIT was the fastest to reach $50, $60 and $70 billion, touching $100 billion at its peak
- —About 1,000 institutions disclosed positions in IBIT in 13F filings versus 10 for typical ETFs
- —Balchunas expects Bitcoin ETF AUM to grow to three times the size of gold ETFs
Why it matters: This confirms institutional demand for BTC through ETFs and strengthens the case for Bitcoin as digital gold.
Source: TokenPost