Bloomberg analyst makes $97 billion prediction for bitcoin ETFs

Bitcoin ETFs are "going to pass gold ETFs," which hold nearly $100 billion in assets, a senior ETF analyst projected.

The market for bitcoin exchange-traded funds (ETFs) is likely to eclipse that of gold ETFs and break $97 billion, thanks to a surge of inflows and bitcoin's soaring price valuation, according to Bloomberg senior ETF analyst Eric Balchunas.

Gold ETFs boast approximately $97 billion in assets under management, a figure that Balchunas sees bitcoin ETFs surpassing.

Source - The Street

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