Bitcoin exchange-traded funds (ETFs) are gobbling up capital faster than anyone pegged, blitzing through the U.S. market and clocking $70 billion in assets just ten moons post-launch. January 2024 marked the dawn of these behemoth vehicles, and they’ve already sucked up over half the dough that gold ETFs built up over two long decades. Data from SoSoValue and the World Gold Council sketch a picture of rising hunger for Bitcoin in ETF threads, hinting it’s all but dethroning metal’s throne as the go-to “safe-haven.”
Bankroll Flood Puts Bitcoin ETFs on Turbo-Boost
No two ways about it, Bitcoin ETFs have attracted monstrous inflows, warping conventional timelines, and flexing hard in a world that rarely moves this fast. Nate Geraci, captain at The ETF Store, jawed about Bitcoin ETFs’ hotfoot accumulation, broadcasting that these ETFs’ve gulped 50% of gold ETF assets in warp time.
Flows are wild: think $192M on “slow” days, ballooning to $893M when things get popping. Ryan McMillin, boss of investments at Merkle Tree Capital, chewed on this, saying, “BTC ETFs are just steamrolling through records.” It’s the kind of chatter that pricks ears up across trading desks and Telegram channels alike.
McMillin points to the ultimate scarcity of BTC, noting that this fixed-supply digital coin is framing itself as the new-age safe-haven. Gold ETFs have been slinging their weight around since 2004, but here comes Bitcoin with its cap and decentralized badge, speaking straight to a new breed of money-movers tired of old-school stash.
BTC vs. Gold: Two Giants, One Dominant, One Disruptive
Investors are sizing up Bitcoin vs. gold, the “digital haven” against the “metallic hedge.” Gold’s always brought that steady-as-she-goes vibe, but Bitcoin’s zesty nature makes it magnetic, no denying it. Jurrien Timmer over at Fidelity gives BTC a fresh moniker: “exponential gold.” What’s he talking about? BTC’s got network juju and a rigid supply cap that rewires its value trajectory.
It’s been a breakout season: Bitcoin’s up 65% YTD, tagging $69,533 at its peak, while gold trails with a 16% lift to $2,746. McMillin foresees more hype, noting recent offloads might be larger players tweaking portfolios pre-election, or just some crypto chop. Whatever the case, this showdown is anything but over—Bitcoin’s charting new terrain, and gold’s got a fight on its hands.
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