Bloomberg Analyst Predicts Bitcoin ETF AUM to Surpass Gold ETF by Threefold

Bloomberg senior ETF analyst Eric Balchunas predicts that the assets under management (AUM) for Bitcoin spot ETFs will grow to three times the level of gold ETFs over the long term. Speaking on Bitcoin Magazine TV, he stated that as younger investors accumulate more assets and grow, they will increasingly accept Bitcoin as a store of value, leading to Bitcoin ETF AUM surpassing gold ETF AUM by more than threefold. As of CoinMarketCap data, BTC is trading at $76,599.92, up 1.12%.