Golden listed funds in the US Leiden again in assets that are managed after they have briefly dethroned by the new American Bitcoin ETFsA result of the increase in traditional risk-off activity to a record high and the recent malaise of BTC.
American ETFs that give investors exposure to Gold’s price are together almost $ 150 billion in assets, vettafi data managing to show. The 11 Bitcoin ETFs –approved By the SEC last year – now have more than $ 93 billion in assets managed.
In December Bitcoin ETFs briefly caught up with their golden counterparts, according to For K33 research, thanks to the price increase of the cryptocurrency after the election of US President Donald Trump, whose policy it was generally expected to stimulate the digital assets industry.
Bitcoin stood up to a record high at almost $ 109,000 in January the day of his inauguration. But it has lost territory and recently acted around $ 84,000, a decrease of around 25% compared to that record.
The BTC price of Friday comes the precious metal hit A record of $ 3,014 per ounce as investors made by the new president host war Search for less volatile investments. Gold is a traditional Safe-Haven active that is preferred during periods of economic turbulence.
In the past year, Bitcoin has largely comparable to technical shares and other risk-to-assets.
“Bitcoin has a number of safe port qualities, but lately it has been more as a risk -and that is why we have seen more in that place ETFs,” said Etf.com’s Senior Content -Editor Kent, who supervises research in the publication, said Decode, Noticing the status of Gold as an inflation department and safe port investment in the ‘current environment’.
The new Bitcoin ETFs spent the expectations last year after their approval after new capital from investors had previously been locked up from the world of crypto investments, the market flooded. The money written together $ 3 billion in net flow only a month after they started trading – holding the launch of the Gold ETFs 20 years ago.
But macro -economic uncertainties and traders who are concerned about Trump’s policy, including his rates for favorite trading partners, led to a massive outflow this year, pushing the price of Bitcoin.
Yet this trend could be quickly reversed, said Bloomberg ETF analyst Eric Balchunas, because Bitcoin is the real ‘hot sauce’.
“It is not really a reflection of customers’ interest,” he said, adding gold again with Bitcoin was just “the market”.
“Most regular people want shares and bonds and herbs – they want real speculative things. So for me gold is not a hot sauce, and the fact that Bitcoin could act as a hot sauce, made it a lot better than gold in the past year, although gold goes up. ”
“I just think that gold can never be hot sauce,” he said, adding that although Gold won the battle, Bitcoin could win the war in the medium to long term.
Published by James Rubin
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