Gold ETFs See Massive Outflows Since Spot Bitcoin ETF Launch
Gold ETFs have seen massive outflows since the launch of 10 spot bitcoin ETFs on 11 January. Bitcoin ETFs have seen huge inflows, with the two largest ETFs open for just over a month and approaching $10 billion in assets under management. At this point in time this doesn't necessarily mean that money is leaving gold in favour of bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barcelona Football Club criticized for signing a $22 million sponsorship deal with crypto company ZKP
Swedish payment giant Klarna's first stablecoin, KlarnaUSD, has been launched ahead of schedule
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
Trending news
MoreCrypto prices
More
