Bitcoin ETF assets exceed $100B milestone

United States Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) have crossed the $100 billion mark in net assets, reaching approximately $104 billion as of November 21, based on Bloomberg Intelligence data.

This growth positions Bitcoin ETFs to potentially overtake gold ETFs, which currently hold $120 billion in assets under management.

The surge in BTC ETF assets reflects increased investor confidence following the launch of spot Bitcoin ETFs in January.

Investor activity accelerated after President-elect Donald Trump’s victory on November 5, with many viewing his administration as favorable for the crypto sector.

Bryan Armour, Morningstar’s director of passive strategies research, stated that the performance boost and $5 billion inflows in November show “a more positive outlook for the future of Bitcoin after Trump’s election win.”

BlackRock’s iShares Bitcoin Trust (IBIT) leads the market, attracting $30 billion in inflows since January.

Fidelity Wise Origin Bitcoin Fund (FBTC) follows, with over $11 billion in inflows this year, according to Bloomberg data.

"Bitcoin ETFs are now 97% of the way to surpassing Satoshi as the biggest holder and 82% of the way to passing gold ETFs," noted Eric Balchunas, an ETF analyst at Bloomberg Intelligence. 

Bitcoin prices have also risen significantly, reaching over $96,000 on November 21.

IBIT saw its highest trading volume day on November 6 and recorded $1.1 billion in inflows the next day, recovering from prior outflows.

The shift toward Bitcoin ETFs reflects broader trends of investors turning to BTC and gold as hedges against economic uncertainty and geopolitical risks.

Analysts at MV Global predict that Bitcoin prices may range between $100,000 and $150,000, further boosting the appeal of Bitcoin ETFs in financial markets.

At the time of reporting, the Bitcoin price was $99,006.65.