Bitcoin ETFs Outperform Gold Amid Bullish Market Sentiment
- BTC’s price reached $96K, increasing nearly 2% over the week.
- Gold’s price decreased by nearly 2% to $3,247.40 per ounce in the last five days.
- U.S. Bitcoin ETF products recorded inflows of approximately $1.81 billion this week.
- Total assets held by U.S.-based BTC ETF products are valued at $113.15 billion.
- The Sharpe Ratio for Bitcoin is at 0.40, while gold’s ratio is higher at 1.33.
Recent data shows Bitcoin ETFs experiencing robust inflows and outperforming gold, indicating a shift in market sentiment as BTC prices rise and gold sees declines.
Source (2.6)https://coingape.com/move-over-gold-bitcoin-etf-just-took-the-lead-as-proffered-hedge/?rand=24432
