1Y
...
Bitcoin has surged to new heights, with over one million Bitcoins now held in global Exchange Traded Products (ETPs), a record-breaking achievement. This milestone, marked by a whopping 133,000 BTC influx over the last 90 days, comes amid a growing preference for Bitcoin, particularly in the US with the success of spot Bitcoin ETFs.
While Bitcoin shines, traditional investments like gold and bond ETFs are seeing a dip. Notably, some of the largest bond ETFs, including TLT, have faced downturns, with TLT alone dropping by 4.5% year-to-date. This shift hints at a changing tide in investment preferences, as investors may be moving their assets from traditional holdings to the burgeoning Bitcoin ETFs.
This trend underscores the increasing trust and interest in Bitcoin as a viable investment, contrasting sharply with the struggles faced by conventional investment avenues. As Bitcoin ETFs continue to outperform, they underscore the cryptocurrency’s growing impact on the financial landscape.
