Former Bloomberg Analyst: Cryptocurrency exchange-traded products have around $100 billion in AUM
Former Bloomberg Information analyst Jamie Coutts CMT stated on the X platform that the AUM (assets under management) of cryptocurrency exchange trading products is about 100 billion US dollars (80% of which is BTC). The AUM of Gold ETP is about 190 billion US dollars. I am optimistic about gold, but it is only expected to be 2-3 times the size of the cryptocurrency in this cycle. This is the birth of a new asset class.
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