Gold ETFs record an outflow of $2.4 billion, while Bitcoin products surpass $4 billion in inflow.
In 2024, spot Bitcoin ETFs experienced a significant inflow of capital compared to gold ETFs, which instead showed a significant outflow.
According to an assessment conducted by Bloomberg analyst Eric Balchunas, the top 14 gold ETFs recorded outflows amounting to $2.4 billion from January 1st to date. Among these, only three ETFs saw a small increase in capital inflow.
The data highlights the outflows from the iShares Gold Trust Micro and iShares Gold Trust by BlackRock, amounting to $230.4 million and $423.6 million, respectively.
It is not known whether the outflows from gold ETFs are directly reinvested in Bitcoin ETFs or if they are instead converging towards the US stock market.
Record inflows for Bitcoin ETFs
Preliminary data provided by Farside indicates that the ten approved Bitcoin ETFs have recorded inflows exceeding $4 billion.
As previously reported by Atlas21, in the last trading days, demand for ETFs has exceeded the number of bitcoin produced daily by miners by a factor of 10.
