- Bitcoin ETFs hold over 1.13 million BTC and have $121.83 billion assets under management.
- Compared to AUM of all Gold ETFs trading in the US, Bitcoin ETFs have 88% of the AUM.
- Bitfinex analysts predict BTC rally to $200,000 by mid-2025 as the crypto closes 2024 with historic milestones.
- Derivatives traders on Binance maintain bullish bias amidst rising BTC dominance.
Bitcoin (BTC) holds steady above $106,000 on Tuesday as BTC dominance rises. The largest cryptocurrency has observed a steady inflow of capital from institutional investors to US spot ETFs.
Data from Farside investors shows that Bitcoin spot ETFs recorded $2.167 billion in inflows last week. The assets under management (AUM) for the 12 Bitcoin Spot ETFs stand at 88% of the AUM of the Gold ETFs traded in the US as of Tuesday.
Bitcoin vs. Gold: Institutions throw their weight behind ‘digital gold’
Institutional investors poured over $2.167 billion in capital in US Bitcoin spot ETFs last week, between December 9 and 13, according to Farside Investors. Per Bitbo, the 12 Spot Bitcoin ETFs currently hold over 1.135 million BTC tokens worth $121.83 billion.
The 12 Spot Bitcoin ETFs hold over 5% of Bitcoin’s 21 million token supply.
ETF.com shows that Gold ETFs traded in the US market have over $138 billion in AUM. Bitcoin ETFs stand at 88% compared to Gold ETFs, fueling the “digital gold” narrative for BTC.
Bitcoin traders are bullish on BTC, while the token trades above $106,000
Bitcoin’s daily price chart shows that BTC is holding steady above its support zone between $102,650 and $103,333. Derivatives traders maintain a bullish bias on Bitcoin, according to Coinglass data. The long/short ratio on Binance exceeds one, signaling there is a higher frequency of long positions compared to short ones on the derivatives exchange.
Bitcoin hit its new all-time high at $108,353 on Tuesday. Key technical indicator Moving Average Convergence Divergence (MACD) supports a thesis of further gains in BTC price. The green histogram bars above the neutral line represent the underlying positive momentum in the Bitcoin price trend.
BTC/USDT daily price chart
Bitcoin could find support at the psychologically important $100,000 level if there is a correction in BTC.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin, Ethereum and XRP steady as China slaps 125% tariff on US, weekend sell-off looming?
The Cryptocurrency market shows stability at the time of writing on Friday, with Bitcoin (BTC) holding steady at $82,584, Ethereum (ETH) at $1,569, and Ripple (XRP) maintaining its position above $2.00.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
Bitcoin, Ethereum, Dogecoin and Cardano stabilze – Why crypto is in limbo
Bitcoin, Ethereum, Dogecoin and Cardano stabilize on Friday as crypto market capitalization steadies around $2.69 trillion. Crypto traders are recovering from the swing in token prices and the Monday bloodbath.
Can FTX’s 186,000 unstaked SOL dampen Solana price breakout hopes?
Solana price edges higher and trades at $117.31 at the time of writing on Friday, marking a 3.4% increase from the $112.80 open. The smart contracts token corrected lower the previous day, following a sharp recovery to $120 induced by US President Donald Trump’s 90-day tariff pause on Wednesday.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.