---
title: "Bitcoin ETFs could mirror gold’s history of 'spectacular gains' and 'painful drawdowns,' analyst says"
url: https://thecoingazette.com/bitcoin-etfs-could-mirror-goldaes-history-of-spectacular-gains-and-painful-drawdowns-analyst-says/
date: 2026-07-17
modified: 2026-07-17
lang: en
author: "Coin Gazette Editorial"
description: "Bloomberg ETF analyst Eric Balchunas compared IBIT's short time above $100 billion with GLD's precipitous rise in 2011."
categories:
  - "Crypto News"
tags:
  - "analyst"
  - "Bitcoin"
  - "bitcoin etf"
  - "bitcoin etfs"
  - "etf"
  - "Funds"
  - "IBIT"
  - "Markets"
word_count: 18
---

# Bitcoin ETFs could mirror gold’s history of 'spectacular gains' and 'painful drawdowns,' analyst says

Bloomberg ETF analyst Eric Balchunas compared IBIT's short time above $100 billion with GLD's precipitous rise in 2011.