Bitcoin ETF Flow Outpaces Gold ETF
In a post on X, Bitwise CEO Matt Hogan notes that bitcoin ETFs attracted $1.7 billion in the first 14 trading days, compared to $1.3 billion for gold ETFs. This trend may reflect a shift in investor preferences, with some seeing Bitcoin as a digital alternative to traditional safe-haven assets. It's worth noting that Bitcoin ETFs were launched when gold established itself as a store of value asset for the better part of human history.
This rapid change is significant, and data from CoinMarketCap shows that in the years since its launch, Bitcoin has grown to a market capitalization of more than $840 billion. Bitcoin Treasury data shows that some public companies such as MicroStrategy, Tesla, and Square hold millions and billions of dollars in Bitcoin.
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