Bloomberg Analyst: Bitcoin ETF Could Reach Three Times the AUM of Gold ETF in 3-5 Years

ChainCatcher reports that Bloomberg's senior ETF analyst Eric Balchunas posted on social media, stating, "IBIT absorbed another $500 million yesterday, marking 15 consecutive days of inflows, currently ranking sixth in annual inflows, surpassing GLD.

Considering that IBIT has only risen by 4%, while GLD is at its historical best performance, the ability to attract more inflows in this situation is a very good signal for the long-term outlook and strengthens our confidence in the prediction that Bitcoin ETFs will reach three times the asset management scale of gold ETFs within 3-5 years."