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Since the beginning of the year, gold ETFs have lost $2.4 billion 🔪
The outflow of funds from gold ETFs is related (https://twitter.com/EricBalchunas/status/1757767035134660987) to the current decline in the price of the precious metal, and many traders are also waiting for the correction to intensify.
The crypto market has its own legend: we are waiting for Wall Street to start dumping gold and buying bitcoin ETFs instead 😇
By the way, spot BTC ETFs are traded (https://twitter.com/coingecko/status/1758079791042031813) in the US, Europe, Canada, Brazil, Australia and Malaysia. The US is the latest to join the race, but it has 83% market share.
Will China come out? 😠
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