Bitcoin ETF

Gold

<p><span style="font-weight: 400;">Gold-tracking exchange-traded funds (ETFs) have lost billions in outflows in 2024, while spot </span><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-btc-pumps-6-to-break-52k-as-coinshares-says-bitcoin-etf-inflows-hit-4-billion-and-bitcoin-minetrixs-presale-breaks-10-9-million"><span style="font-weight: 400;">Bitcoin</span></a><span style="font-weight: 400;"> ETFs have collectively seen a substantial inflows since their launch in the US on Jan. 11.</span></p> 
<p><span style="font-weight: 400;">“Not only is Bitcoin sucking up funds, but gold is hemorrhaging AUM at an alarming rate across many ETFs,” </span><a href="https://twitter.com/bitcoinmunger/status/1757814414525231449"><span style="font-weight: 400;">commented</span></a><span style="font-weight: 400;"> portfolio manager Bitcoin Munger.</span></p> 
<p><img decoding="async" src="https://www.fpmarkets.com/assets/images/blogs/gold_vs_bitcoin.jpg" alt="Gold vs Bitcoin: Is One Better than the Other?"></p> 
<h2 id="span-style-font-weight-400-bitcoin-etf-inflows-approach-4b-as-gold-etfs-suffer-in-2024-span"><span style="font-weight: 400;">Bitcoin ETF Inflows Approach $4B As Gold ETFs Suffer In 2024</span></h2> 
<p><span style="font-weight: 400;">The 14 leading gold ETFs have seen outflows of $2.4 billion so far in 2024, said Bloomberg Intelligence analyst Eric Balchunas in a Feb. 14 X post. This is in stark contrast to the 10 approved spot Bitcoin ETFs, which have seen aggregate inflows of $3.89 million so far this year, according to preliminary </span><a href="https://farside.co.uk/?p=997"><span style="font-weight: 400;">data</span></a><span style="font-weight: 400;"> from Farside.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Meanwhile it’s a pretty bad scene right now in the gold ETFs category… via <a href="https://twitter.com/SirYappityyapp?ref_src=twsrc%5Etfw">@SirYappityyapp</a> in our just published weekly flow note <a href="https://t.co/C0T17JZpiA">pic.twitter.com/C0T17JZpiA</a></p> 
 <p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1757767035134660987?ref_src=twsrc%5Etfw">February 14, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">VanEck Merk Gold Shares, FT Vest Gold Strategy Target Income ETF and Proshares UltraShort Gold were the only gold ETFs that had minor inflows this year. </span><a href="https://insidebitcoins.com/news/franklin-templeton-joins-blackrock-fidelity-grayscale-in-ethereum-etf-race"><span style="font-weight: 400;">BlackRock’s</span></a><span style="font-weight: 400;"> iShares Gold Trust Micro and iShares Gold Trust recorded the highest outflows of $230.4 million and $423.6 million, respectively.</span></p> 
<h2 id="span-style-font-weight-400-btc-price-surges-as-gold-slumps-to-a-two-month-low-span"><span style="font-weight: 400;">BTC Price Surges As Gold Slumps To A Two-Month Low</span></h2> 
<p><span style="font-weight: 400;">In addition to the shift in flows, the gold price has also dropped, while the </span><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-as-michael-saylor-says-demand-for-bitcoin-products-is-10x-the-supply-experts-predict-this-btc-cloud-mining-ico-might-100x"><span style="font-weight: 400;">Bitcoin</span></a><span style="font-weight: 400;"> price has been in a bullish trend since the beginning of this year. </span><a href="https://markets.businessinsider.com/commodities/gold-price"><span style="font-weight: 400;">Gold</span></a><span style="font-weight: 400;"> has lost 3.4% since the start of 2024, and plunged to a two-month low of $1,993 per ounce on Feb. 14. </span></p> 
<p><span style="font-weight: 400;">Bitcoin, on the other hand, has </span><a href="https://www.coingecko.com/en/coins/bitcoin"><span style="font-weight: 400;">surged</span></a><span style="font-weight: 400;"> more than 23.5% during the same period, and was able to reach a two-year high of $52,483 on the same day.</span></p> 
<p><span style="font-weight: 400;">Global gold ETF outflows and a “reduction in speculative positioning” were major contributors to gold’s lackluster performance, said the World Gold Council in a Feb. 7&nbsp;<a href="https://www.gold.org/goldhub/research/gold-market-commentary-january-2024">report.</a></span></p> 
<p>“Added to this was the headwind of higher Treasury yields and the US dollar as US economic strength sharply surprised to the upside, and hopes of early monetary policy cuts were dashed,” it said.</p> 
<p>In November,&nbsp;<a href="https://insidebitcoins.com/news/cathie-woods-ark-invest-offloads-5-8-million-coinbase-and-gbtc-shares-even-as-bitcoin-soars">ARK Investment Management</a>‘s Cathie Wood said Bitcoin is a better deflation hedge than gold or cash.</p> 
<p>“Bitcoin is a hedge against both inflation and deflation because there’s no counterparty risk, and institutions are barely involved,” said Wood, speaking on Bloomberg’s “<a href="https://podcasts.apple.com/gb/podcast/merryn-talks-money/id1654809850">Merryn Talks Money</a>“ podcast. “It’s digital gold.”</p> 
<h3 id="span-style-font-weight-400-related-articles-span"><span style="font-weight: 400;">Related Articles:</span></h3> 
<ul> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/best-penny-crypto-investments-top-picks-explosive-growth-calsona-j8nhe/"><span style="font-weight: 400;">Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!</span></a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/starknet-to-airdrop-strk-tokens-to-1-3-million-wallets-next-week"><span style="font-weight: 400;">Starknet To Airdrop STRK Tokens To 1.3 Million Wallets Next Week</span></a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/new-solana-based-meme-token-to-buy-and-hold-could-smog-be-the-next-bonk"><span style="font-weight: 400;">New Solana-Based Meme Token To Buy and Hold – Could SMOG Be The Next BONK?</span></a></li> 
</ul> 
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row"> 
 <div class="inContentProviderSingle--wrapper"> 
  <div class="container"> 
   <div class="row mb-lg-3"> 
    <div class="col-12 col-md-8"> 
     <p class="inContentProviderSingle--title">New Crypto Mining Platform - Bitcoin Minetrix</p> 
    </div> 
    <div class="col-12 col-md-4"> 
     <div class="inContentProviderSingle--rating"> 
      <div class="rating--holder"> 
       <p class="rating--text">Rating</p> 
       <div class="rating--star-container"> 
        <div class="rating--star" style="width: 100%;"></div> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="row">  
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"> 
     <img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60"> 
    </div> 
    <div class="col-12 col-md-8"> 
     <ul class="inContentProviderSingle--list"> 
      <li>Audited By Coinsult</li> 
      <li>Decentralized, Secure Cloud Mining</li> 
      <li>Earn Free Bitcoin Daily</li> 
      <li>Native Token On Presale Now - BTCMTX</li> 
      <li>Staking Rewards - Over 50% APY</li> 
     </ul> 
    </div>  
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"> 
     <img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60"> 
    </div> 
   </div> 
   <div class="row"> 
    <div class="col-12 text-center"> 
     <div class="inContentProviderSingle--button"> <a href="https://insidebitcoins.com/visit/bitcoinminetrix" title="Start Trading" rel="nofollow">Learn More</a> 
     </div> 
     <div class="inContentProviderSingle--disclaimerText"> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
</div>

Bitcoin ETF Market Blossoms While Gold ETFs Hemorrhage Assets At “Alarming Rate”

Table of Contents

Inside Bitcoins

Άλλα άρθρα που δημοσιεύτηκαν στις 15 Φεβ 2024

Cardano’s strong Q4 2023 finish means Q1 2024 will…

Trader Predicts Big Surge for Bitcoin Ecosystem Altcoin and Two Additional Crypto Assets – Here A...

Stacks (STX) Stuns: Price Soars Over 60% In Epic Recovery As TVL Explodes

Solana Price Prediction As Surprise Rally Breaks $116 Level, Is SOL Reclaiming $130 Next?

Monero (XMR) Briefly Retested $100 Amid Binance’s Impending Delisting; Investors Jump Ship to Pol...

Dogecoin Whale Offloads 400 Mln DOGE To Robinhood, Price To Hit $0.09?

Join our free newsletter for daily crypto updates!