News with the tag "gold ETFs"

Bitcoin ETFs Gaining Ground Against Gold ETFs The competition between Bitcoin exchange-traded funds (ETFs) and gold ETFs is heating up as digital assets continue to capture the imagination of investors worldwide. Nate Geraci, CEO of The ETF Store, a U.S.-based investment advisory firm, recently stat...

Bitcoin ETFs Could Surpass Gold ETFs in Assets by January, Says Bloomberg Analyst Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, has revealed that U.S. spot Bitcoin ETFs are on track to surpass gold ETFs in total assets under management (AUM) by early next year. According to Balchun...

Since their January launch, spot Bitcoin ETFs have attracted more than $20 billion in cumulative net inflow—the most successful ETF debut ever. That is far quicker than the five years it took the gold ETF market inflows to reach the current level. Some experts think that Bitcoin ETFs will surpass sp...

The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising by 11%. Q2 2...

Gold futures have seen a significant rise, climbing 0.5% to $2,381 per troy ounce as U.S. Treasury yields have fallen. This increase is largely attributed to heightened expectations for a Federal Reserve interest-rate cut. This follows soft U.S. retail sales data on Tuesday and inflation inching clo...

During economic expansion times, gold exchange-traded funds were not commonly found in investment portfolios. Nevertheless, investors are now looking for safe havens such as precious metals due to the current market uncertainty. Inflation plays a vital role in the increased fascination with gold, as...

In a flurry of frenzied trading activity, local investors in China are driving up the premium of a gold stock ETF to a staggering 30%. This even led to an abrupt halting of trading. Moreover, Bloomberg analyst Eric Balchunas shed light on the situation, citing Bitcoin ETF FOMO (Fear of Missing Out) ...

A new debate between gold and Bitcoin has arisen as market attitudes towards investment assets shift. After approving 11 spot Bitcoin-backed exchange-traded products by the SEC, the crypto market has witnessed a rise in inflows for spot Bitcoin ETFs, with new issuers in the U.S alone bringing in $1....

Gold bug Peter Schiff has highlighted a problem with owning spot bitcoin exchange-traded funds (ETFs). However, the issue Schiff pinpointed isn’t unique to bitcoin ETFs. This discussion has reignited calls for self-custody among crypto proponents. Peter Schiff’s Warning Prompts Self-Custody Push Gol...

Bitcoin’s ascent in the financial landscape has been nothing short of remarkable, as evidenced by the significant influx of capital into Bitcoin exchange-traded funds (ETFs). A staggering $23.6 billion has flowed into Bitcoin ETFs, excluding Grayscale’s GBTC, since the commencement of the year. This...