Bitcoin exchange-traded funds (ETFs) have officially surpassed gold ETFs in total assets within the U.S., marking a significant milestone less than a year after their introduction. Data from K33 Research reveals that 12 Bitcoin ETFs now hold assets totaling $129.3 billion, edging out gold ETFs, which possess assets of $128.9 billion. This development underscores Bitcoin’s explosive growth and robust investor enthusiasm in the competitive ETF sphere.

The surge in Bitcoin ETF investments has been notably influenced by the election of pro-crypto candidate Donald Trump on November 5, enhancing investor confidence. Over a 13-day period, these ETFs have consistently drawn more than $2 billion, demonstrating a sustained influx of capital and a strong preference for cryptocurrency-based assets over traditional ones like gold.

Leading the charge, BlackRock’s iShares Bitcoin Trust (IBIT) currently manages over $54 billion, nearly double that of its gold counterpart. With significant contributions from Grayscale’s Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund, each managing around $22 billion, Bitcoin’s dominance in the ETF market is more pronounced than ever.