Opinion: Bitcoin ETF Could Reach Three Times the Size of Gold ETF in 3-5 Years

BlockBeats News, May 6th, Bloomberg's Senior ETF Analyst Eric Balchunas posted, stating, "IBIT absorbed another $500 million yesterday, marking 15 consecutive days of inflows, currently ranking sixth in annual inflows, surpassing GLD.

Considering IBIT has only risen 4%, while GLD is at a historic high, the ability to attract more inflows in this situation is a very positive signal for the long-term outlook. It also strengthens our confidence in the prediction that the asset under management of a Bitcoin ETF will triple that of a gold ETF within 3-5 years."