#XSuperApp Gold ETF inflows dropped 50% from $30B to $15B while BTC recovered up to $10B.
▪️BTC will face competition from the alternative 10X opportunities.
▪️BTC ETFs have recovered in Q2 from outflows to over $10B in net inflows.
Bitcoin [BTC] jumped from $40K to $75K on U.S. spot ETF approval and later climbed above $100K amid regulatory relief under the pro-crypto Trump administration.
But the asset may still face future challenges, according to Bitwise CEO Hunter Horsley.
He highlighted the double obstacles as competition from alternative 10x opportunities and ‘fading’ digital gold narrative amongst institutional investors.
“These two aren’t the most pressing items of this moment, but they will reveal themselves as the next obstacle over the coming quarters.”
