Gold ETFs Lose Billions in 2024, Bitcoin ETFs Surge

Gold ETFs Lose Billions in 2024, Bitcoin ETFs Surge



In 2024, exchange-traded funds (ETFs) that track gold have seen billions of dollars in outflows, standing in stark contrast to those focused on the spot price of Bitcoin. Eric Balchunas, an intelligence analyst from Bloomberg, highlighted in a post on February 14 that the top 14 gold ETFs experienced a loss of $2.4 billion in investments this year.



Out of these, only three have witnessed slight increases in investment: VanEck Merk Gold Shares, FT Vest Gold Strategy Target Income ETF, and Proshares UltraShort Gold. The largest withdrawals were observed in BlackRock’s iShares Gold Trust Micro and iShares Gold Trust, losing $230.4 million and $423.6 million, respectively.



Conversely, the 10 spot Bitcoin ETFs that have been approved have collectively attracted $3.89 billion in new investments and have seen unprecedented trading v


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