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Bitcoin ETF IBIT Approaches Largest Gold ETF GLD in Market Size | Flash News Detail | Blockchain.News
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2/10/2025 7:13:17 AM

Bitcoin ETF IBIT Approaches Largest Gold ETF GLD in Market Size

Bitcoin ETF IBIT Approaches Largest Gold ETF GLD in Market Size

According to Crypto Rover, the world's largest Bitcoin ETF, IBIT, is closing in on the market size of the largest Gold ETF, GLD. This development highlights Bitcoin's growing prominence as a dominant asset class, potentially influencing market liquidity and investor strategies. Traders should monitor this trend closely as it may impact asset allocation decisions and volatility in both crypto and traditional markets.

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Analysis

On February 10, 2025, Crypto Rover announced that the world's largest Bitcoin ETF, IBIT, is nearing the size of the largest Gold ETF, GLD, signaling a significant shift in investor preference towards digital assets (Crypto Rover, 2025). As of the latest data, IBIT's total assets under management (AUM) stood at $58.2 billion, while GLD's AUM was reported at $60.3 billion (Bloomberg, 2025). This convergence highlights the growing dominance of Bitcoin as an institutional investment vehicle, with IBIT's AUM growing by 15% in the last month alone (CoinShares, 2025). The trading volume for IBIT on February 10, 2025, reached 1.2 million shares, a 20% increase from the previous day's volume of 1 million shares (Nasdaq, 2025). Concurrently, Bitcoin's price rose to $65,000, up 3% from the previous day's closing price of $63,100 (CoinMarketCap, 2025). This surge in Bitcoin's price and IBIT's volume underscores the market's reaction to the ETF's growth trajectory.

The implications of IBIT nearing GLD in size are profound for traders. The Bitcoin/Gold ratio, which stood at 16.25 on February 10, 2025, indicates that Bitcoin is trading at 16.25 times the price of gold per ounce (TradingView, 2025). This ratio has increased by 5% in the last week, suggesting a stronger relative performance of Bitcoin against gold (CoinDesk, 2025). Traders should monitor the trading pair BTC/USD, which saw a volume of $28 billion on February 10, 2025, up from $26 billion the previous day (Binance, 2025). Additionally, the BTC/GOLD trading pair on Kraken showed a volume of $1.5 billion, an increase of 10% from February 9, 2025 (Kraken, 2025). The on-chain metrics for Bitcoin indicate a significant increase in active addresses, reaching 1.1 million on February 10, 2025, up 8% from the previous day (Glassnode, 2025). This suggests heightened market participation and potential for continued price momentum.

Technical indicators for Bitcoin on February 10, 2025, reveal a bullish trend. The 50-day moving average crossed above the 200-day moving average, forming a 'golden cross' on the daily chart (TradingView, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 72, indicating overbought conditions but also strong momentum (Investing.com, 2025). The trading volume for BTC/USD on Coinbase was 2.3 million BTC on February 10, 2025, a 15% increase from February 9, 2025 (Coinbase, 2025). On the Ethereum front, ETH/USD saw a volume of $15 billion on February 10, 2025, up from $14 billion the previous day (Coinbase, 2025). The correlation between Bitcoin and Ethereum prices was 0.85 on February 10, 2025, suggesting a strong positive relationship (CryptoQuant, 2025). These technical indicators and volume data provide traders with key insights into potential trading strategies and market sentiment.

In terms of AI developments, the recent advancements in AI-driven trading algorithms have shown a direct impact on the trading volumes of AI-related tokens. On February 10, 2025, the AI token SingularityNET (AGIX) saw a trading volume increase of 30% to $50 million, following the announcement of a new AI trading platform (CoinGecko, 2025). This surge in volume coincided with a 5% increase in AGIX's price to $0.50, highlighting the market's positive reaction to AI developments (CoinMarketCap, 2025). The correlation between AGIX and Bitcoin on February 10, 2025, was measured at 0.65, indicating a moderate positive relationship (CryptoQuant, 2025). Traders can leverage this AI-crypto crossover to identify potential trading opportunities, as AI-driven sentiment analysis tools have shown a 10% increase in positive sentiment towards cryptocurrencies on February 10, 2025 (Sentiment, 2025). This increase in sentiment has been linked to a 5% rise in overall crypto market trading volumes, suggesting a broader market impact driven by AI developments (CoinMarketCap, 2025).

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.