An active influx of funds from large investors into Bitcoin products, including industry ETFs, in the foreseeable future may hit the positions of gold, which is considered one of the main means of saving savings.. This conclusion was reached by Andre Dragosha, head of strategic research at ETC Group.. According to him, new investments in the flagship digital asset are mainly related to spot Bitcoin ETFs.
The expert also emphasized: “Stable investment flows emphasize that the effectiveness of Bitcoin is growing rapidly.”. According to ETC Group analysts, the dynamics of the influx of investment funds into Bitcoin products began to increase significantly from the beginning of February. This is largely due to the fact that the trend of capital outflows from the Grayscale Bitcoin Trust has slowed.
For example, last Thursday, spot ETFs attracted almost $390 million, while outflows were estimated at $168 million. The most significant positive standout was iShare Bitcoin, the issuer of which is the management corporation BlackRock.. It accounted for an influx of funds in the amount of $224 million. Meanwhile, investors continue to actively withdraw capital from ETFs that are tied to the dynamics of gold.
Earlier, researchers from Ryze Labs reported that since the beginning of this year, the 14 largest gold ETFs have lost a total of $2.4 billion.. This is in stark contrast to the performance of Bitcoin funds, which raised about $4 billion over the same period of time.
Against this background, experts have noticed that Bitcoin is increasingly being considered by investors as an adequate alternative to gold as a tool for risk diversification. Andre Dragos believes that over the long term this trend will systematically intensify.