Capital Rotates? Largest Gold ETF Suffers Huge Outflow as BTC Funds Recover
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Largest US gold ETF recorded outflows last week, signaling investor exodus from the traditional safe-haven (gold) amid rising uncertainty. BTC-related funds finished the same week in the green overall despite deep losses on Thursday and Friday, indicating rotation into crypto and a mixed but net-positive signal for BTC adoption and market impact (crypto, BTC, ETF, funds).
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Although it remains the preferred safe-haven asset in times of exponentially increasing uncertainty, gold has seen a fair share of investor exodus, which was solidified by the largest US ETF tracking its performance last week.
At the same time, BTC-related funds ended the same week in the green, albeit Thursday and Friday were deep in the red again.
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In This News
Coins
$ 64.31K
+0.53%$ 0.00187
+3.70%Predictions Markets
See what traders are focused on
Share:
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