Bloomberg reported that gold and Bitcoin exchange-traded funds drew a record combined $7 billion in inflows over the past five trading days, highlighting continued demand for scarce-asset exposure in U.S. markets. 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 funds ranked among the top 10 U.S. ETF inflows for the week.
The report said investors have been buying gold and Bitcoin at the same time as hedges against fiscal anxiety. It linked that demand to U.S. Treasury Secretary Bessent’s announcement that long-term Treasury buybacks would be expanded, a move that coincided with a weaker dollar and lower yields. Those conditions, 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% of their portfolios to gold and Bitcoin to hedge against the risk of a U.S. debt crisis. Bloomberg also noted that Bitcoin has moved above $80,000 this month, while gold has surpassed $4,600 an ounce.
Gold and Bitcoin exchange-traded funds recorded a combined $7 billion in inflows over the past five trading days, according to Bloomberg.
SPDR Gold Shares (GLD) took in nearly $3.4 billion, while BlackRock’s iShares Bitcoin Trust (IBIT) attracted $1.5 billion. Both products ranked among the top 10 U.S. ETF inflows for the week.
Bloomberg said investors have been buying gold and Bitcoin in tandem as hedges against fiscal anxiety. U.S. Treasury Secretary Bessent’s announcement that long-term Treasury buybacks would be expanded was followed by a weaker dollar and lower yields, helping drive demand for scarce assets.
Bernstein analyst Gautam Chhugani said higher interest rates and elevated sovereign debt levels benefit non-dilutable assets such as Bitcoin. Bridgewater founder Ray Dalio said investors should allocate as much as 15% to gold and Bitcoin to hedge against the risk of a U.S. debt crisis.
Bitcoin has risen above $80,000 this month, while gold has moved past $4,600 per ounce.
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