Spot Bitcoin exchange-traded funds (ETFs) might surpass gold ETFs in complete belongings underneath administration (AUM) as investor demand expands past the standard “digital gold” narrative, in response to ETF analyst James Seyffart.
“There are simply extra use circumstances of why someone would put a Bitcoin ETF in a portfolio,” Seyffart mentioned on the Coin Tales podcast printed to YouTube on Friday. He pointed to Bitcoin’s (BTC) function as digital gold, a retailer of worth, a portfolio diversifier, and a type of digital capital and property, including that the market additionally views Bitcoin as a “progress threat asset.”
Seyffart defined that Bitcoin has “all these alternative ways” of being seen, whereas gold solely has “a kind of issues.”
“Our view is that Bitcoin ETFs shall be bigger than gold ETFs,” he added.
Bitcoin ETFs are a “sizzling sauce” within the portfolio
“There are such a lot of individuals that would use it. They might be viewing it to place of their portfolio as a result of they wish to guess on like a progress and liquidity commerce,” he mentioned. “It may be sizzling sauce in a portfolio in that approach,” he added.
Bitcoin is commonly in comparison with gold attributable to its restricted provide and perceived function as a hedge towards financial debasement.
US-based gold ETFs recorded internet outflows of $2.92 billion in March, whereas US spot Bitcoin ETFs attracted $1.32 billion in internet inflows over the identical interval.
Gold and BTC have declined over the previous 30 days
The biggest US gold-backed ETF, GLD, recorded a $3 billion outflow on Mar. 4, the most important each day withdrawal in additional than two years.
On Mar. 19, Cointelegraph cited information from the Financial institution for Worldwide Settlements (BIS) exhibiting retail gold purchases have tripled during the last six months, whereas Wall Road promoting has accelerated over the previous 4 months.
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Regardless of the divergence in ETF flows, each belongings have moved broadly in tandem in latest weeks.
Bitcoin is buying and selling at $66,918 on the time of publication, down 8.07% over the previous 30 days, in accordance to CoinMarketCap. In the meantime, gold is buying and selling at $4,676, down 8.25% over the previous 30 days, in accordance to GoldPrice information.
In December 2025, Constancy Digital Belongings analyst Chris Kuiper mentioned that, “traditionally, gold and Bitcoin have taken turns outperforming. With gold shining in 2025, it might not be shocking if Bitcoin takes the lead subsequent.”
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