Gold ETFs Regain Lead Over Bitcoin Funds in Asset Management
- Gold ETFs in the U.S. manage nearly $150 billion in assets.
- Bitcoin ETFs, approved last year, manage over $93 billion.
- Bitcoin reached an all-time high of nearly $109,000 but fell to around $84,000.
- Gold hit a record price of $3,014 per ounce recently.
- Macroeconomic uncertainties have led to Bitcoin outflows and price declines.
U.S. gold exchange-traded funds have reclaimed their lead over Bitcoin ETFs with nearly $150 billion in assets managed, compared to Bitcoin’s over $93 billion. This shift follows Bitcoin’s decline from its peak value and gold reaching a new record price.
Source (2.6)https://decrypt.co/310003/gold-etfs-winning-the-asset-race-with-bitcoin-funds?rand=52368
