#Bitcoin #Move Over Gold: Bitcoin ETF Just Took the Lead as Proffered Hedge

Bitcoin ETF products are outweighing Gold with strong inflows. Negative correlation between the assets hints BTC to outperform ahead.

Bitcoin ETF products record second consecutive week of inflows, nearing $2 billion.

The negative correlation between both assets suggests that a bullish BTC market looms ahead.

BTC price has gained nearly 2% over the past week, whereas Gold managed to erase roughly the same over the past 5 days.

U.S.-based spot Bitcoin ETF products have recently outparred gold, with the flagship coin enjoying a bullish sentiment, whereas the traditional asset is mainly waning. Recent price metrics reveal that BTC topped the $96K mark, up nearly 2% over the week. Whereas, gold’s price lost nearly 2% over the last 5 days, at $3,247.40 per ounce.

BTC ETF products have quietly recorded robust inflows in sync with this bullish price action, reaching nearly $2 billion in the past 7 days. Simultaneously, the see-saw dynamic between both assets further implied that a bullish Bitcoin market looms right over the horizon.