3 months ago
Gold exchange-traded funds (ETFs) person overtaken bitcoin ETFs successful assets nether absorption arsenic investors displacement toward the accepted safe-haven plus arsenic BTC terms tumbled much than 19% implicit the past 3 months, portion the precious metallic climbed 12.5%.
Bitcoin ETFs, which saw important inflows pursuing their U.S. motorboat successful January past year, person experienced large outflows, losing astir $3.8 cardinal since Feb. 24 of this year, according to Farside Investors data. Meanwhile, golden ETFs recorded their highest monthly inflows since March 2022 past month, according to the World Gold Council.
These flows person meant that golden ETFs person present “reclaimed the plus crown implicit bitcoin ETFs,” arsenic Bloomberg Senior ETF expert Eric Balchunas said connected societal media.
Spot bitcoin ETFs listed successful the U.S. first surpassed golden ETFs successful assets nether absorption successful December 2024 arsenic the cryptocurrency marketplace surged aft Donald Trump's triumph successful the U.S. statesmanlike elections.
Meanwhile, golden has been seeing a important run. This Friday, it exceeded the $3,000 per ounce people for the archetypal clip ever, with golden futures for April transportation breaking done the aforesaid level earlier successful the week.
Market volatility and geopolitical uncertainty person been helping the terms of the precious metallic emergence arsenic request for a harmless haven continues to grow. Read more: Gold's Historic Rally Leaves Bitcoin Behind, But the Trend May Reverse
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