Research from Standard Chartered Bank shows a marked exodus from spot gold exchange-traded funds (ETFs) to bitcoin ETFs.

Gold vs. Bitcoin: ETFs Show Shifting Investor Sentiment as BTC Holds $95K

London-based Standard Chartered Bank published research on Tuesday showing a migration of investor capital from spot gold ETFs to bitcoin ETFs, as the cryptocurrency held steady just above the $95K threshold.

Geoffrey Kendrick, head of digital assets research at the bank circulated a report on Monday forecasting a “fresh all-time high” for bitcoin at $120K by the summer with a potential of climbing all the way to $200K by the end of 2025.

And now, Kendrick has distributed another note to his clients highlighting the widening gap between gold ETF inflows and bitcoin ETF inflows, an indicator he says points to a potential surge in the digital asset’s price, similar to the all-time high that followed last year’s presidential election.

(Investors are moving capital from gold ETFs into bitcoin ETFs at a level unseen since the 2024 presidential election / Standard Chartered)

“The last time the gap was this wide was the week of the U.S. election,” Kendrick said. “Bitcoin gains are catching up to gold, and I think bitcoin is a better hedge than gold against strategic asset reallocation out of the U.S.”

Overview of Market Metrics

Bitcoin is currently trading at $95,371.91, according to Coinmarketcap. The cryptocurrency posted a 1.37% gain over the past 24 hours and has climbed 4.59% over the past week, remaining near the upper end of its daily range between $93,498.21 and $95,468.81. Despite the price uptick, overall market activity showed signs of cooling, with 24-hour trading volume down by 19.34% to $24.86 billion.

( BTC price / Trading View)

Bitcoin’s market capitalization rose to $1.88 trillion, marking a 1.46% increase from the previous day, even as BTC dominance edged down slightly by 0.095% to 64.34%, according to Trading View. This slight dip in dominance suggests that while bitcoin maintains leadership in crypto, altcoins are reclaiming a small share of investor attention.

( BTC dominance / Trading View)

Futures data from Coinglass paints a picture of relative calm in derivatives markets. Open interest declined slightly by 1.35% to $62.51 billion, and total liquidations were very minimal at just $73,960. Long positions accounted for the bulk of the liquidations at $57,740, compared to $16,230 in shorts, indicating bulls took a minor hit, but the overall market remains stable and largely unshaken.

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