"Bitcoin ETFs Surge as Gold Funds Experience Major Outflows"
TL;DR Summary
Gold ETFs have experienced significant outflows since the launch of ten spot bitcoin ETFs in January, with the two largest gold ETFs, GLD and IAU, seeing a combined $3.1 billion in net outflows. In contrast, the new spot bitcoin ETFs, including BlackRock's IBIT and Fidelity's FBTC, have attracted nearly $10 billion in assets under management. While some speculate that investors may be shifting from gold to bitcoin, others attribute the outflows to performance differences, with gold down over 2% and bitcoin up 23% year-to-date.
- Gold Funds See Big Outflows Alongside Rush of Money Into Bitcoin ETFs CoinDesk
- Bitcoin ETF inflows pick up again, with BlackRock leading the way Blockworks
- Spot Bitcoin ETFs Own Almost 5% of All the Bitcoin Currently in Existence Markets Insider
- Spot Bitcoin ETFs' Trading Debut in 6 Charts Morningstar
- How ETF Inflows Could Shape Bitcoin's Price Trajectory - Unchained Unchained
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