Gold ETFs have seen outflows of approximately US$3 billion year to date, and some of the funds may have entered the Bitcoin market

According to Bitcoin Munger, Bloomberg data shows that various gold ETFs have flowed out of about 3 billion US dollars since early 2024, while the spot gold price has fallen by 3% this year. On the other hand, Bitcoin ETFs have received 4.1 billion US dollars in inflows, and the spot Bitcoin has increased by 16% this year, some of which have flowed out of gold and entered the Bitcoin market. However, analysis points out that although Bitcoin has recently surpassed the $1 trillion mark, this trend still cannot determine a fundamental shift in investor preferences compared to the $13 trillion gold market.