{"id":480973,"date":"2024-02-15T17:29:26","date_gmt":"2024-02-15T17:29:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=480973"},"modified":"2024-02-15T17:29:26","modified_gmt":"2024-02-15T17:29:26","slug":"bitcoin-etf-market-blossoms-while-gold-etfs-hemorrhage-assets-at-alarming-rate","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-etf-market-blossoms-while-gold-etfs-hemorrhage-assets-at-alarming-rate","title":{"rendered":"Bitcoin ETF Market Blossoms While Gold ETFs Hemorrhage Assets At \u201cAlarming Rate\u201d"},"content":{"rendered":"

Gold-tracking exchange-traded funds (ETFs) have lost billions in outflows in 2024, while spot <\/span>Bitcoin<\/span><\/a> ETFs have collectively seen a substantial inflows since their launch in the US on Jan. 11.<\/span><\/p>\n

“Not only is Bitcoin sucking up funds, but gold is hemorrhaging AUM at an alarming rate across many ETFs,” <\/span>commented<\/span><\/a> portfolio manager Bitcoin Munger.<\/span><\/p>\n

\"Gold<\/p>\n

Bitcoin ETF Inflows Approach $4B As Gold ETFs Suffer In 2024<\/span><\/h2>\n

The 14 leading gold ETFs have seen outflows of $2.4 billion so far in 2024, said Bloomberg Intelligence analyst Eric Balchunas in a Feb. 14 X post. This is in stark contrast to the 10 approved spot Bitcoin ETFs, which have seen aggregate inflows of $3.89 million so far this year, according to preliminary <\/span>data<\/span><\/a> from Farside.<\/span><\/p>\n

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Meanwhile it’s a pretty bad scene right now in the gold ETFs category… via @SirYappityyapp<\/a> in our just published weekly flow note pic.twitter.com\/C0T17JZpiA<\/a><\/p>\n

— Eric Balchunas (@EricBalchunas) February 14, 2024<\/a><\/p><\/blockquote>\n