Gold exchange-traded funds (ETFs) have overtaken bitcoin ETFs in property below administration as traders shift towards the normal safe-haven asset as BTC value tumbled greater than 19% over the previous three months, whereas the valuable steel climbed 12.5%.
Bitcoin ETFs, which noticed important inflows following their U.S. launch in January final yr, have skilled main outflows, shedding about $3.8 billion since Feb. 24 of this yr, based on Farside Traders knowledge. In the meantime, gold ETFs recorded their highest month-to-month inflows since March 2022 final month, based on the World Gold Council.
These flows have meant that gold ETFs have now “reclaimed the asset crown over bitcoin ETFs,” as Bloomberg Senior ETF analyst Eric Balchunas stated on social media.
The Empire Strikes Again: Gold ETFs have reclaimed the asset crown over bitcoin ETFs because of 12% acquire this yr. https://t.co/ls67z5sIs5
— Eric Balchunas (@EricBalchunas) March 14, 2025
Spot bitcoin ETFs listed within the U.S. first surpassed gold ETFs in property below administration in December 2024 because the cryptocurrency market surged after Donald Trump’s victory within the U.S. presidential elections.
In the meantime, gold has been seeing a big run. This Friday, it exceeded the $3,000 per ounce mark for the primary time ever, with gold futures for April supply breaking by way of the identical stage earlier within the week.
Market volatility and geopolitical uncertainty have been serving to the value of the valuable steel rise as demand for a secure haven continues to develop.
Learn extra: Gold’s Historic Rally Leaves Bitcoin Behind, However the Pattern Could Reverse