Bitcoin ETFs may outpace gold ETFs: The report from Bit Journal indicates that Bitcoin ETFs in the United States are nearing the total assets of gold ETFs. It is predicted that if the growth rate of Bitcoin ETFs remains stable, they could surpass gold funds by Christmas, which is considered a major victory for the cryptocurrency market. As of November 23, the total Bitcoin ETFs assets reached approximately 107 billion USD, equivalent to 86% of the total gold ETFs assets, leaving a gap of 23 billion USD.

Amount of BTC held by Bitcoin ETFs: Currently, Bitcoin ETFs nearly hold the amount of BTC that Satoshi Nakamoto, the founder of Bitcoin, has mined. It is estimated that Nakamoto mined about 1 million BTC. Bitcoin ETFs now hold about 98% of these BTC, making them the largest single investors in the world in Bitcoin. Over the past week, Bitcoin ETFs attracted 3.3 billion USD net assets.

BlackRock’s position in Bitcoin investment: According to information from Farside Investors, BlackRock’s iShares Bitcoin Trust (IBIT) attracts the largest capital inflow, accounting for 62% of the total. This dominance shows a strong interest from institutional investors in Bitcoin. Compared to BlackRock’s gold fund iShares Gold Trust (IAU), IBIT has widened the asset gap, reaching 48.4 billion USD while IAU is at 34 billion USD.

Price volatility and future of Bitcoin: The Bitcoin price has hit the 99,500 USD mark for the first time in history and is approaching the 100,000 USD milestone. Vaneck, a major asset manager, has forecasted Bitcoin’s price to reach 180,000 USD in this cycle. Despite Bitcoin returning 160% since the start of the year, some experts remain concerned about its sustainability due to high volatility. Compared to traditional assets like gold, Bitcoin has a much shorter history.