Bitcoin Rally Anticipated as BlackRock ETF Inflows Surpass Gold
Despite gold surging 27% year-to-date while Bitcoin has gained just 4%, investors are increasingly positioning for a Bitcoin rally. BlackRock’s spot $BTC ETF has attracted $6.96 billion in inflows—surpassing the $6.51 billion flowing into the gold ETF GLD.
While gold remains in the spotlight, Bitcoin continues to garner strong institutional interest. Bitwise CEO Hunter Horsley noted that market enthusiasm for Bitcoin remains underappreciated, especially as global monetary policy shifts. With China cutting rates and injecting liquidity, other central banks may follow suit.
Although the U.S. Federal Reserve is holding rates steady for now, growing voices in the market argue for rate cuts to stimulate the economy. A looser monetary environment could boost demand for risk assets like Bitcoin. The significant inflows into BlackRock’s ETF suggest that investors are already positioning for this potential macro shift.
