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- The gold exchange-traded fund (GLD) - the largest ETF backed by gold in the world - fell to seventh place last Monday, with net incoming investments of $6.5 billion.
The BlackRock-related Bitcoin Spot ETF at the IBIT exchange recorded new investments of $6.96 billion since the beginning of 2025, surpassing the SPDR Gold Trust (GLD) to become the sixth most popular ETF in terms of attracting investments.
Conversely, the GLD fund - the largest ETF backed by gold in the world - fell to seventh place on Monday with net incoming investments of $6.5 billion, according to Eric Balchunas, senior ETF analyst at Bloomberg.
This shift highlights the growing confidence of institutional investors in digital assets and their preference for them over traditional safe-haven assets such as gold.
Investor confidence in Bitcoin remains strong compared to gold.
Despite the recent drop in the price of Bitcoin (Bitcoin-BTC) of more than 10% from its all-time highs recorded last January, investors seem confident in the long-term value of this currency.
In contrast to Bitcoin (BTC), the price of gold rose to over $3,000 per ounce this year, driven by fears of inflation, global trade tensions, and geopolitical instability. Balchunas noted on X that the strength of investments attracted by the IBIT fund is a 'very good indicator in the long run,' supporting expectations that Bitcoin Spot ETFs will eventually reach three times the capital of their gold counterparts.