"Rising Bitcoin Spot ETF Inflows Outpace Gold-Backed Funds as Crypto Funds Hit Record High"

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Source: The Block
"Rising Bitcoin Spot ETF Inflows Outpace Gold-Backed Funds as Crypto Funds Hit Record High"
Photo: The Block
TL;DR Summary

Analysts note increased inflows into bitcoin exchange-traded funds (ETFs) and products, potentially posing a long-term threat to gold's status as the primary store-of-value. Data shows substantial net flows into global bitcoin ETFs, particularly in the U.S., while gold experiences net negative flows. This trend reinforces confidence in bitcoin's dual role as a 'risk-on' investment and a safe-haven asset, with expectations that bitcoin may disrupt gold as the prime store-of-value in the future.

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