BlockBeats news, on May 9, according to Bloomberg, the Battleshares brand under Tidal Financial Group submitted an application to the U.S. SEC, planning to launch two ETFs that hedge Bitcoin against gold. This product will allow investors to directly bet on the relative performance of the two asset classes through tools such as short selling securities, swap contracts, and options. Counterpoint Chief Strategist Dhaval Joshi believes that Bitcoin will gradually erode gold's market share, and in the long run, the BTC long/gold short combination has more potential. This year, gold has reached new highs due to safe-haven demand, while Bitcoin fell in April amid tariff turmoil, but has recently rebounded strongly as U.S. digital finance policies advance.
Brent Donnelly, president of Spectra FX, pointed out that Bitcoin remains highly correlated with the Nasdaq 100 index, while gold more reflects the sentiment of 'shorting America.' Data shows that this year, the four major gold ETFs have attracted over $14 billion, while leading Bitcoin ETFs have seen inflows of $8 billion.
