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đăMassive Outflows Hit Gold ETFs!ă
According to The Kobeissi Letter, gold ETF $GLD saw $1.3B in outflows on Wednesday â the third-largest daily outflow ever recorded!
âĄIronically, $GLD just hit a $1.9B inflow record last week. Meanwhile, gold miners ETF $GDX also lost $200M â the worst single-day outflow in the past 12 months.
Gold prices plunged 2.7% on the same day, marking the second-largest daily drop of 2024!
#GOLD #etf #GLD #GDX
According to The Kobeissi Letter, gold ETF $GLD saw $1.3B in outflows on Wednesday â the third-largest daily outflow ever recorded!
âĄIronically, $GLD just hit a $1.9B inflow record last week. Meanwhile, gold miners ETF $GDX also lost $200M â the worst single-day outflow in the past 12 months.
Gold prices plunged 2.7% on the same day, marking the second-largest daily drop of 2024!
#GOLD #etf #GLD #GDX
Gold taking a breather, Bitcoin on the move!
Past 8 hours:
$GLD: 3500 â 3431
$BTC : 88K â 90K
#GLD #BTC #BinanceAlphaAlert #BNBChainMeme #Write2Earn
Past 8 hours:
$GLD: 3500 â 3431
$BTC : 88K â 90K
#GLD #BTC #BinanceAlphaAlert #BNBChainMeme #Write2Earn
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Bitcoin ETF Boom: Institutional Money is Flowing into Crypto!
The crypto market continues to record optimistic signals as institutional acceptance of Bitcoin ETFs has tripled in Q4, with total assets reaching $38 billion, according to Bloomberg. This is clear evidence that Bitcoin is increasingly viewed as a reliable asset by institutional investors.
Large Capital Flowing into Bitcoin ETFs
The latest data shows that the percentage of assets held by large funds in Bitcoin ETFs has increased to 25-30%. This figure is approaching that of gold ETFs (#GLD ), which is currently around 40%. This confirms that Bitcoin is gradually occupying an important position in the investment portfolios of large funds, similar to gold â a traditional safe-haven asset.
Large Capital Flowing into Bitcoin ETFs
The latest data shows that the percentage of assets held by large funds in Bitcoin ETFs has increased to 25-30%. This figure is approaching that of gold ETFs (#GLD ), which is currently around 40%. This confirms that Bitcoin is gradually occupying an important position in the investment portfolios of large funds, similar to gold â a traditional safe-haven asset.
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