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…

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