Bitcoin ETFs Could Overtake Gold Holdings by Threefold

Bloomberg's ETF analyst Eric Balchunas believes that Bitcoin ETFs could eventually surpass gold ETFs in terms of assets.

According to Balchunas, this shift is due to a long-term change in who owns Bitcoin and how institutions use it.

He points to younger investors as a key factor, as well as falling volatility and stronger sales activity around BTC funds.

Balchunas' view does not suggest that Bitcoin has already displaced gold as a store of value, but rather that the cryptocurrency may eventually reach three times the assets of gold ETFs.