Gold Exchange Trading Funds (ETFs) have overtaken Bitcoin ETFs with managed assets as investors shift to traditional safe haven assets as BTC prices fell by more than 19% and precious metals rose 12.5% over the past three months.
According to data from Farside Investors, Bitcoin ETF, which was discovered to have a significant influx after its launch in the US last January, experienced a major outflow, losing around $3.8 billion since February 24th this year. Meanwhile, Gold ETFS recorded its highest monthly influx since last month in March 2022, according to the World Gold Council.
These flows mean that Gold ETFs have “recovered their asset crowns more than Bitcoin ETFs,” as Bloomberg senior ETF analyst Eric Bulknath said on social media.
The US-listed Bitcoin ETF first surpassed its managed assets gold ETF in December 2024 as the cryptocurrency market surged after Donald Trump’s victory in the US presidential election.
Gold, meanwhile, has seen an important run. This Friday marked the first time that it exceeded $3,000 per ounce, with the Gold Future for April’s Delivery breaking the same level at the beginning of the week.
Market volatility and geopolitical uncertainty have helped prices for valuable metals rise as demand for safe shelters continues to grow. Read more: Gold’s historic gathering leaves Bitcoin, but trends could reverse