Gold ETFs face significant outflows compared to Bitcoin ETFs. In a tweet posted earlier today, McGlone discussed the performance of gold compared to Bitcoin. He shared a chart showing the Bitcoin to gold ratio, which has peaked. On this chart, the price of Bitcoin has been following a long-term upward trend, but it seems to have reached its peak, indicating that it may soon start to reverse.

On the same chart, the yellow curve, representing gold ETF inflows, has begun to rise after a long-term decline since 2022. This may indicate that investor sentiment is shifting from Bitcoin to gold at the moment. This, in turn, may suggest that Bitcoin's dominance over gold as a store of value is now slowing down. This aligns with the aforementioned tweet, where McGlone states that investor sentiment is currently shifting from risky assets to traditional assets.