Bitcoin to gold ratio hits a new high

Bitcoin (BTC) has recently reached a new all-time high, with the current Bitcoin to gold ratio at 40.04. This means that it takes nearly 40 ounces of gold to exchange for one Bitcoin.

Chart analysis highlights the breakout of the inverted head and shoulders pattern

Institutional inflow

BlackRock's iShares Bitcoin ETF (IBIT) has surpassed the iShares Gold Trust in asset management scale (AUM), becoming the second largest ETF after SPDR Gold Trust (GLD).

The asset management scale of IBIT has reached $54.983 billion, while the scale of the iShares Gold Trust is $34.205 billion.

Bitcoin has become a more favored investment than traditional gold-backed ETFs
Sustained capital inflow

Sustained capital inflow highlights institutional investors' confidence in the BTC ETF, as Bitcoin is gradually becoming the preferred asset for institutional investors, especially in the context of its 117.5% growth year-to-date.

The total assets of 12 spot Bitcoin ETFs in the U.S. have reached $11.497 billion, with a weekly net inflow of $2.17 billion.