Bitcoin Spot ETFs vs Gold ETFs

[tranthidung]

Date of approvals

• Gold
  
  • On 1 November 2004: Gold surged 350% after first ETF approval.
• Bitcoin
  
  • On 10 January 2024: Statement on the Approval of Spot Bitcoin Exchange-Traded Products

So far, the new capital is big and Bitcoin Spot ETFs are nearly half of Gold ETFs, just after a little bit more than 1 month of trading. Gold ETFs need 20 years, since 2004 to get only 2 times of Bitcoin Spot ETFs.

Let's see how Gold performed after a first Gold ETF approval.

What do you think?

The naive comparison above shows that Bitcoin will reach $135,000 it if repeats what gold did. In my view, Bitcoin Spot ETFs are performing far better than Gold ETFs. How about their impacts on Bitcoin price?

[Peter90]

The naive comparison above

Your wording tran 

That said, yes, the comparison between gold ETF and BTC ETF is not very meaningful if by doing that you want to compare investment flow into gold and BTC.

You have to compare the role of ETF investment within the whole investment for both of those assets.
Then you see that structurally gold ETF investment is much less relevant than BTC ETF investment.

Think e.g. of Central Banks.
While CB investment in BTC is still zero, CB gold buying represent a major investment flow for gold, bigger than ETF.

While ETF is going to become the major investment vehicle for BTC, ETF was never a major investment vehicle for gold.
Think of the two major gold buyers worldwide, India and China.
ETF investment is basically irrelevant there.

[Faisal2202]

What do you think?

The naive comparison above shows that Bitcoin will reach $135,000 it if repeats what gold did. In my view, Bitcoin Spot ETFs are performing far better than Gold ETFs. How about their impacts on Bitcoin price?

BTC has outperformed Gold in all contexts, for example, gold took 28 years to build $90+ billion M.cap while BTC ETFs have already made $40.7 Billion in 2 months. BTC will cross Gold once it reaches certain price tags. If we compare BTC with Gold (not ETFs) then Gold is a lot up and to cross Gold's M.cap BTC has to gain a $700+k price per unite (According to some news).

In both cases, I think BTC will outperform Gold and as we already know it has crossed Silver, and now the next target is Goold. But before that we have some other sectors giving huge competition as well. For example, Nvidia has gained a huge m.cap which covers the m.cap of many big companies in total.

I did not find any relevancy in BTC and Gold's chart that you have shared but still I also have a prediction of BTC touching $110k But to cross $130k I think it might take another cycle. But it is crypto and a good news can change the wave to a little up. So finger are crossed.