Bitcoin ETF inflows rise while gold lags

Updated by

Abdulhakim Abubakr

April 29, 2025, 14:03 GMT+0300

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In Brief

Standard Chartered expects Bitcoin to reach $120,000 in the second quarter, driven by strong inflows from exchange-traded funds and increased demand amid global market volatility.

The growing popularity of Bitcoin as a hedge against traditional finance outpaces gold, with ETF inflows significantly surpassing those of gold ETFs.

Standard Chartered expects Bitcoin to reach $200,000 by the end of the year and $500,000 by 2028, indicating increasing institutional confidence in cryptocurrencies.