Gold vs. Bitcoin: Shifting Tides in ETFs

In just a little over a month since getting the green light from the US Securities and Exchange Commission (SEC), Bitcoin ETFs have quickly picked up steam in the market, giving a tough challenge to the longstanding dominance of gold ETFs.



Bitcoin ETFs Make Strides Against Gold ETFsThe swift ascent of Bitcoin ETFs has led to a convergence in asset values, with BTC ETFs narrowing the gap with gold ETFs. Bitcoin ETFs have amassed around $37 billion in assets in just 25 trading days, while gold ETFs have gathered $93 billion over the span of more than 20 years of trading.



In this context, Bloomberg’s Senior Commodity Strategist, Mike McGlone, highlights the changing landscape, remarking, “Tangible Gold is Losing Luster to Intangible Bitcoin.”



McGlone points out that the ongoing resilience of the US stock market, the strength of th


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