Rising gold costs and powerful bitcoin ETF outflows have pushed gold ETFs forward as the dear steel costs hit document.
Mar 15, 2025, 5:26 p.m. UTC
Gold exchange-traded funds (ETFs) have overtaken bitcoin ETFs in property underneath administration as buyers shift towards the normal safe-haven asset as BTC value tumbled greater than 19% over the previous three months, whereas the dear steel climbed 12.5%.
Bitcoin ETFs, which noticed vital inflows following their U.S. launch in January final 12 months, have skilled main outflows, dropping about $3.8 billion since Feb. 24 of this 12 months, in accordance with Farside Investors information. In the meantime, gold ETFs recorded their highest monthly inflows since March 2022 final month, in accordance with the World Gold Council.
These flows have meant that gold ETFs have now “reclaimed the asset crown over bitcoin ETFs,” as Bloomberg Senior ETF analyst Eric Balchunas mentioned on social media.
The Empire Strikes Again: Gold ETFs have reclaimed the asset crown over bitcoin ETFs because of 12% acquire this 12 months. https://t.co/ls67z5sIs5
— Eric Balchunas (@EricBalchunas) March 14, 2025
Spot bitcoin ETFs listed within the U.S. first surpassed gold ETFs in property underneath administration in December 2024 because the cryptocurrency market surged after Donald Trump’s victory within the U.S. presidential elections.
In the meantime, gold has been seeing a big run. This Friday, it exceeded the $3,000 per ounce mark for the primary time ever, with gold futures for April supply breaking by way of the identical stage earlier within the week.
Market volatility and geopolitical uncertainty have been serving to the worth of the dear steel rise as demand for a secure haven continues to develop.
Learn extra: Gold’s Historic Rally Leaves Bitcoin Behind, But the Trend May Reverse
Francisco Rodrigues
Francisco is a reporter for CoinDesk with a ardour for cryptocurrencies and private finance. Earlier than becoming a member of CoinDesk he labored at main monetary and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
