Bloomberg analysts: Bitcoin ETF assets under management are expected to reach three times that of gold ETFs within 3-5 years

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas posted on social media, "IBIT absorbed another $500 million yesterday, marking 15 consecutive days of inflows, currently ranking sixth in annual inflows, surpassing GLD.

Considering that IBIT has only risen 4%, while GLD is in its historically best performance period, the ability to attract more inflows under these circumstances is a very positive signal for the long-term outlook, and it strengthens our confidence in the prediction that the assets under management of Bitcoin ETFs will reach three times that of gold ETFs within 3-5 years."