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Gold Broke a Record and Made a Difference of 15 Billion to Bitcoin: The Manager Said That the Revolution Will Return! - Coin Newsletter
In the last month, there have been $10 billion inflows into gold ETFs and $5 billion outflows from Bitcoin ETFs, and experts expect this divergence to reverse soon.
The spot price of gold surpassed $3,000 per ounce for the first time in its history, leaving behind an important psychological limit. After this rise, the price was pulled to $ 2,990 in a short time, but the activity in the gold market continues to attract the attention of investors. April gold contracts also surpassed $3,000, marking an important turning point in the market.
The price of the precious metal has risen by over 15% this year. This rise was driven by the high interest in gold ETFs, geopolitical uncertainties, and investor concerns caused by the tariff discussions triggered by former President Donald Trump in the US.
What's going on with #### Bitcoin ETFs?
Charlie Morris, founder of investment firm ByTree and director of the BOLD ETF, which includes both gold and Bitcoin, has recently drawn attention to the clear divergence between gold and Bitcoin ETFs.
According to Morris, while gold ETFs have seen $10 billion in inflows over the past month, an outflow of $5 billion from Bitcoin ETFs is not sustainable in the long term. "*The direction of such flows is eventually changing, and I think re-inflows into Bitcoin ETFs will begin shortly," Morris said.