Bitcoin ETFs Outpace Gold as Investors Flock to Digital Currencies
Bitcoin ETFs are rapidly outpacing gold, a traditional investor favorite, with net cumulative flows for the ten Bitcoin ETFs, including GBTC, doubling in the past three days to over $3 billion. This acceleration is significant when compared to the nearly two years it took for the gold ETF to reach this milestone. The data, which was shared by Eric Balchunas of Bloomberg, shows a burgeoning interest in cryptocurrency investment vehicles.