Gold ETFs See Massive Outflows

In the realm of investments, a new contestant has risen to power. The battle has been getting fierce between the two titans: gold, the age-old safe haven, and Bitcoin, the new kid on the block. Recent developments in the Exchange-Traded Fund (ETF) market shed light on a significant shift in investor sentiment, with Bitcoin challenging gold’s historical dominance.

Gold ETFs Lose Luster Amid Bitcoin Surge

Gold-backed ETFs, once the go-to for investors seeking stability, are experiencing a downturn. According to reports from Bloomberg analysts and BitMEX Research, leading gold ETFs have witnessed substantial outflows totaling billions of dollars since the start of 2024. BlackRock’s…

Read more on bitcoinnews

72.8K Reads