The surge in Bitcoin ETF activity appears to be a clear sign of institutional interest, spurred by the broader market rally.
“Assets can increase just from market appreciation, but net flows are like net sales, you have to convince people to buy the ETF. Today, they’re over $40 billion, and with market appreciation, they’re now around $120 billion. That’s astonishing. Gold took over a decade to hit that number.”
Considering this, Balchunas predicts the Bitcoin ETFs could surpass gold funds in assets within the next 3 to 5 years.
“Financial advisors, who control enormous amount of [dollars], have barely even begun allocating to btc & eth ETFs… Major platforms such as Vanguard are still gatekeeping these ETFs (which is laughable IMO). And we’re still seeing near record inflows.”
