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.

Tokyo’s Metaplanet has unveiled a plan to issue 4.5 billion yen ($30 million) in zero-interest ordinary bonds, aimed at expanding its Bitcoin reserves. This strategic move reflects a growing trend among companies like MicroStrategy to treat Bitcoin as a vital investment asset. The bonds, set to mature by June 2025, are designed to facilitate the company’s ambitious cryptocurrency acquisition plans.

Funding the repayment of these bonds will involve proceeds from previously issued warrants, allowing Metaplanet to manage its financial commitments efficiently. This structured repayment strategy not only alleviates short-term financial pressures but also underscores the firm’s belief in Bitcoin’s enduring value, evidenced by the digital currency’s current $2.12 trillion market cap.

Metaplanet’s proactive approach is not new; earlier this year, they issued bonds worth 1.75 billion yen ($11.3 million) specifically for Bitcoin purchases. Since then, Metaplanet has accumulated approximately 1,142 BTC, valued at about $122.67 million, positioning Bitcoin as a hedge against economic instability in Japan. This ongoing investment underscores the company’s commitment to innovative financial strategies and sustainable growth.