--- title: "Bitcoin ETFs could ‘maybe triple gold ETFs,’ explains analyst – How?" description: "ETF analyst Eric Balchunas predicts Bitcoin ETFs could surpass gold ETFs, potentially tripling their value in the coming years. He highlights Bitcoin's volatility as appealing to modern investors seek" type: "news" locale: "en" url: "https://longbridge.com/en/news/218949217.md" published_at: "2024-11-06T12:31:46.000Z" --- # Bitcoin ETFs could ‘maybe triple gold ETFs,’ explains analyst – How? > ETF analyst Eric Balchunas predicts Bitcoin ETFs could surpass gold ETFs, potentially tripling their value in the coming years. He highlights Bitcoin's volatility as appealing to modern investors seeking growth, contrasting it with gold's stability. Balchunas describes Bitcoin as a form of financial sovereignty, akin to the 'Second Amendment of money.' Despite recent outflows, Bitcoin ETFs have shown remarkable growth, with total assets under management at $28 billion, representing 5.04% of Bitcoin's market cap. However, they are not immune to market fluctuations, having experienced three consecutive days of outflows. - *ETF analyst expects Bitcoin ETFs to surpass gold ETFs in upcoming years.* - *BTC ETFs see outflows for the third consecutive day.* In a recent interview with Natalie Brunell, Eric Balchunas, senior ETF analyst at Bloomberg, predicted an impressive future for Bitcoin \[BTC\] ETFs. The analyst forecasted a substantial growth trajectory, stating, > “They’re \[BTC ETFs\] going to pass gold ETFs and maybe triple gold ETFs over the years.” ## **Bitcoin ETFs’ edge over gold ETFs** Gold has traditionally been the go-to asset for investors seeking a safe haven during economic uncertainty. It offers stability as a hedge against inflation and currency devaluation. However, Balchunas elaborated that Bitcoin brings an entirely different dimension to this space. Gold’s steady but slow-moving value, while appealing to some, lacks the “spice” that many modern investors crave. While often seen as a downside, Bitcoin’s volatility is actually part of its appeal in today’s market, the analyst noted. It serves as a high-risk, high-beta investment that appeals to investors looking for potential growth beyond what gold can offer. ## **Bitcoin: The “Second Amendment of money”** Another intriguing concept Balchunas discussed was Bitcoin as the “Second Amendment of money,” a phrase borrowed from author Benjamin Hart. The analyst explained that just as the Second Amendment in the United States provides a measure of protection for citizens, Bitcoin offers a form of financial sovereignty. It safeguards users from governmental monetary policy and the potential for inflation through excessive money printing. Balchunas also likened Bitcoin’s present state to a “teenager” with a rebellious streak, one that could eventually mature but currently brings energy, volatility, and a bit of unpredictability. He quipped, > “It’s teenager gold…if you could take the 4,000-year-old gold and go back to when it was 16 years old, it was probably behaving similarly.” ## **How are Bitcoin ETFs doing?** Meanwhile, Balchunas noted that while he and fellow analyst James Seyffart projected $10-15 billion in net flows for the first year, the total has already reached close to $24 billion. He acknowledged that Bitcoin ETFs have, > “Definitely defied our expectations.” Balchunas highlighted that this growth rate was remarkable, especially when compared to gold ETFs, which took four to five years to reach a similar level of inflows. The analyst also addressed that while the inflow numbers could change, particularly if external factors like the upcoming U.S. election or an economic downturn were to impact the market, Bitcoin ETFs have shown resilience. Despite this growth, BTC ETFs are not immune to fluctuations. Data from SoSo Value revealed that ETFs have had three consecutive days of outflows since November. On the 5th of November, the total daily total net outflow was $116.90 million. Source: SoSo Value Worth noting that BTC ETFs’ total assets under management remain robust at $69.28 billion, representing around 5.04% of Bitcoin’s overall market cap. ### Related Stocks - [GBTC.US - Grayscale Bitcoin Trust BTC - ETF](https://longbridge.com/en/quote/GBTC.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | BREAKINGVIEWS-稳定币巨头是加密货币领域的脆弱基础 | Tether，全球最大的稳定币 USDT 的发行者，尽管面临监管挑战和市场波动，仍展现出韧性。其市值达到 1840 亿美元，主导着与美元挂钩的数字货币。然而，由于其股权缓冲减少，风险资产在其储备中所占比例增大，其财务稳定性受到质疑。如果市场 | [Link](https://longbridge.com/en/news/276411736.md) | | Coinbase 首席执行官表示加密货币交易所被 “误解” | Coinbase 首席执行官布莱恩·阿姆斯特朗声称，加密货币交易所被投资者 “误解”，并指出华尔街在公司面临 30% 股票下跌的情况下低估了该公司。他认为，传统金融将数字资产视为威胁，类似于过去 Uber 和 Airbnb 等公司的颠覆。社 | [Link](https://longbridge.com/en/news/276453663.md) | | 特朗普暗示违法征收的关税不退了，美财长称今年关税收入将 “基本保持不变” | 美国总统特朗普暗示不会退还被最高法院裁定违法的关税，预计 2026 年关税收入将保持不变。特朗普计划签署行政令，对全球商品加征 10% 进口关税，取代被推翻的关税。财长贝森特表示，政府将利用替代法律权力维持关税收入，强调国家安全和财政收入不 | [Link](https://longbridge.com/en/news/276494362.md) | | 美财政部让步，拟修订主权财富基金税收提案，此前遭私募业警告 | 美国财政部正就一项针对主权财富基金和公共养老基金征税方式进行全面改革的提案作出让步。相关提案此前由美国国税局提出，拟更新税法第 892 条，将这些基金持有的多数美国债务投资归为商业活动，这将令其面临被征税的风险。此前，私募信贷和私募股权公司 | [Link](https://longbridge.com/en/news/276491732.md) | | 传言成真？英伟达对 OpenAI 的 “1000 亿美元投资” 最终 “打了三折” | 据报道，英伟达正接近敲定对 OpenAI 最高 300 亿美元的股权投资，取代此前官宣的 1000 亿美元合作框架。原有协议因条款分歧与内部疑虑未能落地，黄仁勋亦曾强调其不具约束力。此次新融资轮规模或超 1000 亿美元，OpenAI 估值 | [Link](https://longbridge.com/en/news/276507066.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.