JPMorgan says Bitcoin is taking gold’s place in debasement trade as ETF flows diverge
May 8, 2026
< 1 min read
by Micah Abiodun
for CryptoPolitan

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JPMorgan research: Bitcoin is taking market share from gold as investors hedge against fiat currency debasement; Bitcoin ETFs registered inflows for three consecutive months through May (The Block). Gold ETFs remain below pre-March levels after outflows tied to the Iran conflict, suggesting shifting investor allocation toward crypto ETFs and potential support for BTC adoption and price.
Bullish
Bitcoin is taking market share from gold as investors hedge against fiat currency debasement, JPMorgan analysts said in a research note this week. Bitcoin exchange-traded funds have recorded inflows for three consecutive months through May, while gold ETFs are still struggling to recover the outflows that followed the March Iran conflict, according to The Block....
