ChainCatcher report, according to Bloomberg, over the past five trading days, gold and Bitcoin ETFs collectively attracted a record $7 billion in inflows, with the SPDR Gold Shares ETF (GLD) receiving nearly $3.4 billion and BlackRock’s Bitcoin ETF (IBIT) receiving $1.5 billion. Both ranked among the top ten U.S. ETFs for inflows this week. Investors are purchasing both gold and Bitcoin as hedges against fiscal anxiety, as U.S. Treasury Secretary Bessent’s announcement of expanded long-term Treasury buybacks triggered a weaker dollar and lower yields, boosting demand for scarce assets. Bernstein analyst Gautam Chhugani noted that rising interest rates and elevated sovereign debt benefit non-dilutable assets like Bitcoin. Bridgewater founder Ray Dalio recommends allocating up to 15% of assets to gold and Bitcoin to hedge against the risk of a U.S. debt crisis. Bitcoin has surpassed $80,000 this month, while gold has broken $4,600 per ounce.
Gold and Bitcoin ETFs attract $7 billion in five days, with BlackRock's IBIT drawing $1.5 billion.
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Summary
Gold and Bitcoin ETFs attracted $7 billion in five days, with the Bitcoin ETF IBIT drawing $1.5 billion and the SPDR Gold ETF (GLD) adding $3.4 billion. Both ranked among the top 10 U.S. ETFs. Investors are using support and resistance levels to time their entries into scarce assets like gold and Bitcoin. Value investing in crypto is gaining momentum as Bitcoin reaches $80,000 and gold surpasses $4,600 per ounce. Weakness in the U.S. dollar and rising debt risks are driving allocations toward non-dilutable assets.
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