Bitcoin ETFs exceed gold in AUM: As of December 16, 2024, Bitcoin exchange-traded funds surpassed gold ETFs, accumulating over 129 billion USD compared to gold’s 128 billion USD. This milestone reflects growing institutional investments and market acceptance of Bitcoin as a valuable asset.
Impact of BlackRock’s ETF: BlackRock’s iShares Bitcoin Trust contributes nearly 60 billion USD to Bitcoin’s AUM, marking a pivotal development. Analysts emphasize Bitcoin’s increasing appeal as investors seek assets that hedge against inflation and economic instability.
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