Bitcoin ETF Inflows Hit $20 Billion in 10 Months: A Rapid Rise Compared to Gold ETFs
- Global bitcoin ETF hit $20 billion in the first 10 months compared to gold ETFs that took five years.
- The high popularity of Bitcoin ETFs is a vivid evidence of the aversion of society to crypto assets.
- Investors are changing focus on Bitcoin ETFs investing in them as in precious metals such as gold.
Assets in cryptocurrency are on the rise with the Bitcoin ETF having attracted $20 billion within the first 10 months of the product. This is a success, especially if one considers the fact that gold ETFs have taken five years to achieve the kind of inflow shown herein. This change of attitude towards digital investments and the market in general is the cause for such a big rise in the demand for Bitcoin ETFs. The time taken to get to this position for these Bitcoin ETFs reveals that more people have embraced them in the investment market.
Bitcoin ETFs Outperform Gold ETFs in Speed of Inflows
An analysis of Bitcoin ETFs and gold ETFs put into perspective how things are changing within the investment arena. Gold ETFs took five years to hit $20 billion on inflows but Bitcoin ETFs reached the same territory in less than one year. This divergence highlights the trend of cryptocurrency as an investment vehicle and especially for portfolio investment other than the traditional ones such as gold. Coinbase’s latest earnings call showed that investors are likely comfortable incorporating digital assets into their investment profiles.
The Growing Appeal of Cryptocurrency ETFs
The following are some of the reasons why Bitcoin ETFs have been successful; first the acceptance of crypto currencies and secondly, the ease of accessing this flight through ETFs. It gives institutional and retail investors an easily accessible, regulated way to access Bitcoin exposure without actually owning the asset. This ease of access has undoubtedly driven the fast build-up in Bitcoin ETFs’ funds.
Read CRYPTONEWSLAND on google newsThe sharp increase in flows into Bitcoin ETFs may mean there is a new preference in how investors access more exotic forms of investment. Thus, although gold has long been viewed as an inflation hedge, or a safe-haven asset, globally, more and more investors turn to Bitcoin as one option, which is especially true for generations Y and Z, and those familiar with digital forms of assets. Therefore based on the popularity of Bitcoin ETFs it will be significant to observe whether this kind of change will bring alterations to investment management in the future.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What is altcoin season and why can these 5 coins grow 5x?
Polymarket platform is now unavailable for users in France
Sui Foundation Partners with Asset Manager Franklin Templeton
Cardano Jumps 215% After Major Breakout and Sets Sights on Higher Targets