Analyst: Bitcoin ETF size "will surpass" gold ETF

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CoinAll Network April 4 news: Bloomberg ETF analyst James Seyffart said that as investor demand goes beyond the narrative of traditional “digital gold,” the assets under management (AUM) of spot Bitcoin exchange-traded funds (ETFs) are expected to surpass those of gold ETFs. Seyffart said on Friday in the Coin Stories podcast released on YouTube: “The rationale for adding Bitcoin ETFs to a portfolio is more.” He noted that Bitcoin is not only digital gold and a store of value, but can also serve as a diversified asset for a portfolio, as well as a form of digital capital and digital property. At the same time, the market also views Bitcoin as a form of “growth-oriented risk asset.” Seyffart explained that Bitcoin has multiple attributes and narratives, while gold only has one. He added: “Our view is that the size of Bitcoin ETFs will exceed that of gold ETFs.”

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