Spot Bitcoin ETF funds could surpass gold ETF funds in total assets under management (AUM) as investor demand expands beyond the traditional “digital gold” narrative, according to ETF analyst James Seyffart.
Seyffart explained that Bitcoin has “many ways” to be viewed, while gold has “one of those.”
“Our view is that the Bitcoin ETF will be bigger than the gold ETF,” he added.
Spot Bitcoin ETF is “spicy seasoning” in a portfolio
“Lots of people can use it. They can put it in a portfolio because they want to bet on a growth and liquidity trade,” he said. “In that way, it can be a spicy seasoning in a portfolio.”
Bloomberg ETF analyst James Seyffart spoke to Natalie Brunell on the Coin Stories podcast. Source: Bitcoin is often compared to gold thanks to its limited supply and its perceived role as a hedge against currency depreciation.
U.S. gold spot ETFs saw $2.92 billion in net outflows in March, while U.S. spot Bitcoin ETFs attracted $1.32 billion in net inflows over the same period.
Both gold and BTC are down over the past 30 days
The largest gold-backed ETF in the U.S., GLD, recorded $3 billion in withdrawals on 4/3, the biggest single-day net outflow in more than two years.
On 3/19, data from the Bank for International Settlements (BIS) showed that retail investors’ gold purchases have tripled over the past 6 months, while sell-side activity on Wall Street has accelerated over the past 4 months.
Related: Bitcoin is “over” for the 85% drawdowns, Cathie Wood says as the new target is $34,000
Despite differences in ETF flows, both assets have broadly moved in the same direction over recent weeks.
Bitcoin is trading at $66,918 at the time of publication, down 8.07% over the past 30 days, according to CoinMarketCap. Meanwhile, gold is trading at $4,676, down 8.25% over the past 30 days, according to data from GoldPrice.
In December 2025, Fidelity Digital Assets analyst Chris Kuiper said that “historically, gold and Bitcoin have alternated in outperformance. When gold shines in 2025, it wouldn’t be surprising if Bitcoin leads next.”
Magazine: Solana’s leadership mocks crypto gamers, Pixel solves the play-to-earn equation: Web3 Gamer
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Whale Deposits 3M USDC to HyperLiquid, Increases 30x BTC Short Position to $52.89M
A whale deposited 3 million USDC to HyperLiquid, boosting its 30x leveraged Bitcoin short to 700 BTC, valued at $52.89 million. The short was opened at $75,919, with a liquidation price of $80,839.93.
GateNews36m ago
Alcoa to Sell Idle Aluminum Smelter to NYDIG for Bitcoin Mining Infrastructure
Alcoa plans to sell its dormant Massena East aluminum smelter in New York to bitcoin miner NYDIG, with the deal closing by mid-2026. The facility's infrastructure makes it ideal for bitcoin mining, reflecting a trend of repurposing retired industrial sites.
GateNews2h ago
BTC falls below 75000 USDT
Gate News bot message, Gate market data shows that BTC has fallen below 75000 USDT, with the current price at 74996.3 USDT.
CryptoRadar5h ago
Iran Uses Bitcoin for Hormuz Strait Oil Transit Fees, But Stablecoins Handle Majority of Actual Fund Transfers
Iran is utilizing Bitcoin for oil transit fee settlements via the Strait of Hormuz, but stablecoins dominate actual fund transfers in these transactions.
GateNews6h ago
Galaxy Research Chief: U.S. OFAC Sanctions List Involves 518 Bitcoin Addresses
The U.S. Treasury's OFAC sanctions list includes 518 Bitcoin addresses that have significantly engaged in crypto transactions, currently holding about 9,306 BTC valued at $707 million, highlighting the relationship between cryptocurrency and financial regulation.
GateNews11h ago
