Bitcoin catches up with silver to become the second largest ETF in the United States! Female investment expert says BTC is conquering the gold market

The adoption of Bitcoin (BTC) spot ETF opens the door for traditional finance to invest in BTC. Bloomberg ETF analyst Eric Balchunas speculates that these ETFs could raise $50 billion within two years.

It is worth noting that according to VettaFi statistics, the current asset management scale (AUM) ranking of US ETF products:

The first place is gold (more than 94.8 billion US dollars)

The second-place "Broad Diversified" asset class includes 22 ETFs, with an AUM of US$12.826 billion

The third-placed asset class is silver, including 5 ETFs, with an AUM of US$11.546 billion.

Although Bitcoin does not currently appear in its ETF AUM rankings, the website has set up a dedicated blockchain ETF section. According to statistics, there are currently 11 Bitcoin spot ETFs, and their total assets have exceeded US$27 billion, surpassing silver and becoming the second largest ETF commodity asset class in the United States.

AUM ranking

Blockchain ETF

Female Stock God: Bitcoin represents finance The new era

Cathie Wood, founder and CEO of ARK Investment, said in a recent interview that he believes that the development of Bitcoin is taking away gold’s global market share. She gave the example that Bitcoin currently plays a vital role in emerging markets as a hedge against unstable monetary and fiscal policies by individuals and institutions.

“Most emerging markets will use something like Bitcoin as insurance.”

Based on Bitcoin’s scarcity, security, and growing acceptance by the investment community, Cathie Wood believes Bitcoin represents a new era of finance: Bitcoin is the first global, digital, decentralized monetary system. This was a groundbreaking development, especially considering that the U.S. gold window closed in 1971.

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