Bitcoin ETFs Gain Momentum, Rivaling Gold and Drawing Investment Advisors' Attention
Bitcoin spot ETFs in the US have surpassed $3 billion in net flows within a month, outperforming gold ETFs' launch 20 years ago. Excluding Grayscale, inflows are nearing $10 billion, with about half arriving in the past three days. The recent spike is attributed to slowing outflows from the Grayscale Bitcoin Trust, as investors rotate into newer, cheaper ETFs from BlackRock and Fidelity. Bitcoin ETFs now hold over $30 billion in assets, making it the second largest ETF commodity in the country, behind gold.