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Bitcoin ETF Assets Fall to $60B from $100B Peak, May Mirror Gold ETF's 'Boom-and-Bust' History, Analyst Says

2026-07-17 15:50:22

BTC-1.76%

BLK-0.83%

GLD0.94%

According to Bloomberg Senior ETF Analyst Eric Balchunas on Friday, Bitcoin exchange-traded funds may follow the same cyclical pattern as gold ETFs, alternating between explosive price gains and extended declines. BlackRock's IBIT, the world's largest spot bitcoin ETF, now manages about $60 billion in assets, far below the $100 billion it briefly held in October. Balchunas noted both bitcoin and gold ETFs wrap non-yielding assets driven primarily by investor sentiment rather than earnings or cash flows, making their performance highly susceptible to demand shifts. He drew a parallel to the SPDR Gold Trust (GLD), which surged to become the world's largest ETF in 2011 but then spent eight years struggling to recover, before each subsequent cycle expanded the high water mark. Bitcoin has declined roughly 30% this year, trading near $63,000 on Friday.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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