U.S. exchange-traded funds (ETFs) have witnessed a significant shift, as investors began transitioning from gold to its digital counterpart, Bitcoin.
Over the past five weeks, Bitcoin ETFs in the U.S. attracted inflows exceeding $9 billion, led by the "iShares Bitcoin Trust ETF" from BlackRock Inc. In contrast, gold-backed funds saw outflows of more than $2.8 billion during the same period, according to data collected by Bloomberg News.
This shift is partly attributed to the easing of trade tensions, which reduced demand for traditional safe havens like gold, while Bitcoin is increasingly recognized as an alternative store of value, especially amid rising concerns about the financial stability of the United States.
