Gold and Bitcoin exchange-traded funds drew a combined record $7 billion in inflows over the past five trading days, according to Bloomberg. The largest allocations went to SPDR Gold Shares (GLD), which took in nearly $3.4 billion, and BlackRock’s iShares Bitcoin Trust (IBIT), which added $1.5 billion. Both funds ranked among the top 10 U.S. ETF inflow leaders for the week.
Bloomberg said investors have been buying both gold and Bitcoin as hedges against fiscal anxiety. The report linked that demand to a weaker U.S. dollar and lower yields after U.S. Treasury Secretary Bessent announced an expansion of long-dated Treasury buybacks. That shift, in turn, boosted interest in scarce assets.
Bernstein analyst Gautam Chhugani said rising interest rates and high sovereign debt levels benefit non-dilutable assets such as Bitcoin. Bridgewater founder Ray Dalio separately recommended that investors allocate as much as 15% to gold and Bitcoin to hedge against risks tied to a U.S. debt crisis. Bloomberg also noted that Bitcoin has moved above $80,000 this month, while gold has climbed past $4,600 an ounce.
Gold and Bitcoin exchange-traded funds pulled in a combined record $7 billion over the past five trading days, according to Bloomberg. SPDR Gold Shares (GLD) accounted for nearly $3.4 billion of that total, while BlackRock’s iShares Bitcoin Trust (IBIT) brought in $1.5 billion.
Both GLD and IBIT ranked among the top 10 U.S. ETFs by inflows for the week. Bloomberg said investors have been buying gold and Bitcoin at the same time as hedges against fiscal anxiety.
The report said demand for scarce assets strengthened after U.S. Treasury Secretary Bessent announced an expansion of long-term Treasury buybacks, a move that was followed by a weaker dollar and lower yields. Bernstein analyst Gautam Chhugani said higher interest rates and elevated sovereign debt levels support non-dilutable assets such as Bitcoin.
Bridgewater founder Ray Dalio also advised investors to allocate as much as 15% of their portfolios to gold and Bitcoin as a hedge against the risk of a U.S. debt crisis. Bloomberg added that Bitcoin has risen above $80,000 this month, while gold has moved past $4,600 per ounce.
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