The growing adoption of Bitcoin and its ETF is taking the cryptocurrency by storm. With a new ATH milestone and the U.S. considering the establishment of a Strategic BTC Reserve, it has developed as a threat to the safe haven asset, Gold. Besides, Bloomberg reports point out how investors are ditching this yellow metal for digital assets. Bitcoin Vs Gold: Bitcoin ETF Inflows Surpass Gold Bitcoin ETF is in its prime of adoption, as the money is rotating from Gold and other assets towards this exchange-traded fund. Over the last 10 days, the BTC ETF net flow is completely positive, signaling high investor interest. Considering the last 5 weeks’ stats, it has attracted more than $9 billion in fresh inflow, led by BlackRock’s IBIT. Interestingly, Gold-backed ETF lost more than $2.8 billion per Bloomberg report in the same time, signaling a shift in investors’ preference. This shift is amid the… Read More at Coingape.com
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