Exchange-traded funds in the United States have undergone a notable shift, as investors began to transition from gold to its digital counterpart, Bitcoin.
Over the past five weeks, Bitcoin exchange-traded funds in the United States have attracted over $9 billion in inflows, led by the iShares Bitcoin Trust ETF from BlackRock Inc. In contrast, gold-backed funds experienced outflows exceeding $2.8 billion during the same period, according to data compiled by Bloomberg News.
This shift is partly attributed to the easing of trade tensions, which has reduced demand for traditional safe havens like gold, while awareness of Bitcoin as an alternative store of value has grown, especially with rising concerns about the financial stability of the United States.
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