Bloomberg ETF analyst Eric Balchunas believes Bitcoin ETFs could eventually reach three times the assets of gold ETFs, citing younger investors, falling volatility and stronger sales activity around BTC funds. He clarified that gold is not going anywhere but would be lapped by Bitcoin ETFs as a category long term. Recent data shows mixed flows: 159.45 million dollars in net inflows on September 17, but 426.81 million dollars in net outflows for the week. Total net assets stand at 96.25 billion dollars, representing 6.26% of Bitcoin’s market cap.
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