Spot Bitcoin ETF Flows Flip Gold: A Mega Capital Rotation In Progress?
Summary
Spot Bitcoin ETFs have attracted $1.7 billion in the first 14 trading days, surpassing gold ETFs. When adjusted for inflation, gold flows remain slightly larger. Excluding Grayscale Bitcoin Trust (GBTC) liquidation, spot Bitcoin ETFs saw a net inflow of $7.1 billion, significantly exceeding gold. Grayscale Investment has been liquidating its GBTC trust, while Fidelity and BlackRock have bought substantial amounts of BTC. This shift highlights Bitcoin's potential to disrupt traditional investments. Bitcoin's market cap exceeds $840 billion, and public companies like MicroStrategy, Tesla, and Square hold significant amounts of the coin.
