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Bitcoin ETF inflows surge, threatening gold’s dominance. Divergence in fund flows: Bitcoin gains, gold loses. Bitcoin acts as a ‘risk-on’ investment and a safe-haven asset. In a seismic shift within the financial landscape, Bitcoin is rapidly gaining ground as a store- of-value asset, challenging its traditional counterpart, gold . Recent data reveals a substantial surge in spot Bitcoin ETF in flows , particularly in the United States, setting the stage for a potential challenge to gold ’s historical dominance. This shift not only signals a changing tide in investment preferences but also prompts speculation about Bitcoin’s long-term disruptive potential. Bitcoin ETFs vs gold: the growing divergence The past week has witnessed an impressive surge in spot Bitcoin ETF inflows, culminating in a near 10% increase in Bitcoin’s price. Notably, the lion’s share of these new investments is pouring into US-based ETFs, refle...

The spot Bitcoin ETF (exchange-traded) products launched by BlackRock and Fidelity last month ranked among the top ten largest ETFs in the US in January with in flows of $4.8 billion. The BlackRock iShares Bitcoin Trust (IBIT) ETF ranked eighth with around $2.6 billion in net in flows while Fidelity’s Wise Origin Bitcoin ETF (FBTC) ranked tenth with $2.2 billion in in flows . Two spot bitcoin ETFs among top 10 of *all* ETF inflows in January… Never thought I'd see the day. via @MorningstarInc pic.twitter.com/o7L5CEu5Ef — Nate Geraci (@NateGeraci) February 3, 2024 The data shows what a roaring success spot Bitcoin ETFs have been such their launch on Jan. 11, as BlackRock and Fidelity dominate over two-thirds of inflows. ETF Store President Nate Geraci says the Wall Street giants are contending in a “two-horse race.” Conversely, Bitcoin ETFs offered by crypto-native companies such as ARK Invest and Galaxy Invesco lag in inflows. The ETFs have seen...

Newly launched Bitcoin ETFs achieved a record of $10 billion in trading volume in just three days. Grayscale’s ETF, GBTC, faces considerable outflows of nearly $600 million. BlackRock’s ETF, IBIT, is identified as a potential “Liquidity King” likely to overtake GBTC in trading activity. In just three days after their introduction, the newly launched Bitcoin exchange-traded funds (ETFs) amassed a staggering $10 billion in trading volume. However, it is expected to experience a substantial net outflow of around $1.173 billion. Update on the #Bitcoin ETF Cointucky Derby. The ETFs have traded almost $10 billion total over 3 days. Will have updated flows and assets later tonight or tomorrow morning. pic.twitter.com/OnpCshjYJP — James Seyffart (@JSeyff) January 16, 2024 Providing an update on the Bitcoin ETF, Bloomberg ETF analyst James Seyffart revealed that the ETFs collectively traded nearly $10 billion in the first three days...

Join Our Telegram channel to stay up to date on breaking news coverage Digital asset investment products witnessed out flows totaling $32 million for the week ending on May 19, marking the fifth consecutive week of out flows and bringing the total out flows over the past five weeks to $232 million, equivalent to 0.7% of total assets under management. Trading volumes have decreased, reaching $900 million for the week, approximately 40% lower than the 2023 average. This decline in volumes reflects the lowest level since late 2020 and coincides with the overall decrease in crypto prices and concerns about sell-offs. 5th Consecutive week of crypto out flows of US$32m, poor sentiment focussed on BTChttps://t.co/55HiQejp0o — James Butterfill (@jbutterfill) May 22, 2023 The negative sentiment towards Bitcoin was evident, with outflows of $33 million, while short-Bitcoin products experienced minor outflows of $1.3 million, bringing the total outflows for short BTC investm...