Spot Bitcoin Exchange-Traded Funds (ETFs) have captured a significant amount of investor interest in 2023, overshadowing gold. These financial products have amassed $21 billion, marking a milestone for Bitcoin-based ETFs.
Eric Balchunas, a senior analyst at Bloomberg, reported on this trend, highlighting the growing appeal of digital assets over traditional investments such as gold.
This shift indicates changing investor preferences, with more individuals and institutions considering Bitcoin a valuable asset class.
