Bitcoin and Gold ETFs Don Pass $500B for Combined AUM
Di combined assets wey dem dey manage for Bitcoin ETF and gold ETF don pass $500 billion for di first time. Gold ETF dey hold about $325 billion, while Bitcoin ETF don climb reach $162 billion, from just $20 billion before US spot Bitcoin ETF bin approve—na eight times increase. Gold ETF assets sef nearly double from $170 billion during di same time. Since di ETF dem launch, Bitcoin price don climb about 175%, compare to gold wey just rise 66%, show say demand from big institutions strong and di market dey more volatile. Dis big change show how Bitcoin ETF dey play bigger role for normal portfolio, e dey reshape di ETF market and e dey show say Bitcoin don mature as investment asset.
Bullish
Di fast growth wey Bitcoin ETFs don get for AUM—from $20 billion to $162 billion—show say institution demand strong and market accept am wella, na pattern wey dey after previous ETF approval inside normal markets. Plus how Bitcoin price don climb 175% compared to gold wey na just 66%, dis kain news fit make more investors begin put money inside Bitcoin products, e go hype short term momentum. For long term, di big ETF market setup go make liquidity and price discovery better, e go support di better beta wey traders get. Na di same positive effect wey we see wen other asset-class ETFs matures, e go encourage crypto traders see beta well well.