BlockBeats News, April 4th. Bloomberg ETF analyst James Seyffart stated that as market demand continues to grow, the future assets under management (AUM) of a Bitcoin spot ETF is expected to surpass that of a gold ETF.
Seyffart pointed out that Bitcoin’s use in portfolios is more diverse, as it can be seen as “digital gold,” a store of value tool, as well as having attributes such as asset allocation diversification, liquidity trading, and growth-risk asset, while the investment logic for gold is relatively singular.
In terms of fund flows, US gold ETFs have recently seen significant outflows, with a net outflow of about $2.92 billion in March; during the same period, Bitcoin spot ETFs saw a net inflow of about $1.32 billion, indicating a shift in fund preferences.
Despite fund flow divergence, Bitcoin and gold prices have shown similar trends recently. In the past 30 days, Bitcoin’s price has dropped by about 8.07%, while gold’s price has dropped by about 8.25%.
Market views believe that as investors’ demand for digital asset allocations increases, Bitcoin ETFs are gradually transitioning from “alternative assets” to mainstream asset allocation tools, and their long-term growth potential is being reassessed.
