U.S.-listed spot Bitcoin ETFs are nearly on par with their gold counterparts, boasting an impressive $120 billion in assets under management (AUM), just shy of gold ETFs’ $125 billion. This milestone, as K33 Research notes, highlights Bitcoin’s growing institutional acceptance. “The year 2024 has been a breakthrough for digital assets,” stated analyst Vetle Lunde, citing Bitcoin’s integration into corporate balance sheets and the success of spot ETFs as driving factors.
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CME Activity Signals Strong Institutional Momentum
Beyond ETFs, Bitcoin’s futures market is thriving. According to K33 Research, CME open interest has reached new highs, with over 212,000 BTC in contracts. This indicates rising demand from institutions, as January futures contracts now trade at a 1.5% premium over December—a level not seen since late 2023.
Daily Inflows Reflect Unwavering Investor Confidence
Spot Bitcoin ETFs have witnessed net inflows every single day since November 27, totaling $6.5 billion, per Farside Investors. These inflows are largely attributed to cash-and-carry trades, a sign of bullish sentiment heading into the new year. With Bitcoin ETFs edging closer to surpassing gold, the narrative around digital assets continues to shift dramatically.
Investors can use TipRanks’ Crypto ETF tool to determine which ETF suits them best based on various metrics.
