BlockBeats message, April 4, Bloomberg ETF analyst James Seyffart said that as market demand continues to expand, the future assets under management (AUM) of Bitcoin spot ETFs are expected to surpass those of gold ETFs.
Seyffart noted that Bitcoin’s use in investment portfolios is more diverse: it can be seen as “digital gold” and a store of value, and it also has attributes such as diversified asset allocation, liquidity trading, and growth-oriented risk assets, while gold’s investment logic is relatively singular.
In terms of fund flows, US gold ETFs have recently seen a clear outflow, with net outflows of about $2.92 billion in March; over the same period, Bitcoin spot ETFs achieved net inflows of about $1.32 billion, indicating that investor preferences are shifting.
Although fund flows have diverged, the recent price trends of Bitcoin and gold have moved in tandem. Over the past 30 days, the price of Bitcoin has fallen by about 8.07%, while the price of gold has fallen by about 8.25%.
Market views hold that as investors’ demand for digital-asset allocation increases, Bitcoin ETFs are gradually shifting from “alternative assets” to mainstream allocation tools, and their long-term scale growth potential is being re-evaluated.