Bitcoin ETF Flows Rise as Gold Demand Cools

Bitcoin exchange-traded fund flows have shifted to net positive over the past 30 days, while gold ETF demand has begun to slow after nine straight months of inflows. GLD, the largest US gold-backed ETF, recorded a $3 billion outflow on Wednesday — its biggest daily withdrawal in more than two years — following a 4.4% drop in gold prices, the sharpest decline since the Jan.

30 sell-off. Gold ETFs had pulled in $18.7 billion in January and $5.3 billion in February, marking a record two-month start to the year. Measured in native units, the divergence is clearer: Bitcoin ETF balances moved to a net increase of 4,021 BTC on March 6 from −42,275 BTC on Feb.

6, while gold ETF holdings fell from 1.4 million ounces to 621,100 ounces over the same period. Tracking BTC or ounces isolates real accumulation or distribution without the distortion created by price movements. Market participants are weighing whether a rotation from gold to bitcoin is beginning.

United States

bitcoin, bitcoin etf, btc, gold, gold etf, gld, etf flows, gold prices, gld outflow, ounces