What to know:
- Why did Bitcoin decide to take a nosedive? It plummeted 19% over three months, while gold was busy flexing up 12.5%!
- Bitcoin ETFs have seen a whopping $3.8 billion in outflows since late February. Yup, you read that right!
- Gold ETFs are strutting their stuff with their largest monthly inflows since March 2022. Shine on, you crazy diamond!
Well, well, well! It appears that gold exchange-traded funds (ETFs) have decided to crash the Bitcoin party, snatching the spotlight like a cheeky little monkey. As the Bitcoin price tumbled more than 19% over the past three months—talk about a dramatic exit—the precious metal soared like a majestic eagle, climbing 12.5%.
Now, picture this: Bitcoin ETFs, which were all the rage following their big U.S. debut last January, are now experiencing a dramatic fall from grace, losing about $3.8 billion since February 24, thanks to some rather unimpressive data from our friends at Farside Investors. Meanwhile, gold ETFs enjoyed a raucous celebration, recording their highest monthly inflows since March 2022. Talk about a comeback! 🥳
These financial shenanigans have allowed gold ETFs to reclaim their crown over the Bitcoin ETFs, or as Bloomberg’s very own Senior ETF analyst, Eric Balchunas, so eloquently put it on social media, they’ve firmly “struck back!”
The Empire Strikes Back: Gold ETFs have reclaimed the asset crown over Bitcoin ETFs thanks to a cheeky 12% gain this year.
— Eric Balchunas (@EricBalchunas) March 14, 2025
Remember back in December 2024? That’s when spot Bitcoin ETFs first overtook gold ETFs in assets under management after the cryptocurrency gleefully surged following Donald Trump’s presidential victory. Ah, nostalgia!
But hold onto your hats, folks! Gold has been galloping ahead, recently shattering the $3,000 per ounce barrier for the very first time, with gold futures for April delivery clicking through the same level like it’s no big deal. Talk about a shiny success story! 🤑
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2025-03-15 20:50