Gold and Bitcoin ETFs pull in a record $7 billion over five sessions; BlackRock's IBIT takes $1.5 billion
AI Market Summary
Record $7B inflows into gold and Bitcoin ETFs over five days signal strong institutional demand for "scarce" hedges amid fiscal concerns. BlackRock's IBIT drew $1.5B, placing it among top U.S. ETF inflows, reinforcing spot-Bitcoin allocation via regulated vehicles. A weaker dollar and lower yields following expanded long-term Treasury buybacks further support non-dilutable assets, tightening the bid for BTC alongside gold.
Impact level
● High
Affected assets
BTC/USDT-0.13%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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ChainCatcher reported, citing Bloomberg, that gold and Bitcoin exchange-traded funds drew a record $7 billion of net inflows over the past five trading days. SPDR Gold Shares (GLD) accounted for nearly $3.4 billion, while BlackRock's Bitcoin ETF (IBIT) brought in $1.5 billion. Both funds ranked among the 10 largest U.S. ETFs by inflows this week.
Demand has been fueled by investors buying gold and Bitcoin as hedges against fiscal concerns. U.S. Treasury Secretary Bessent's announcement of expanded long-term Treasury buybacks weighed on the dollar and pushed yields lower, lifting appetite for scarce assets.
Bernstein analyst Gautam Chhugani said higher interest rates and elevated sovereign debt tend to support non-dilutable assets such as Bitcoin. Bridgewater founder Ray Dalio has recommended allocating as much as 15% of a portfolio to gold and Bitcoin to hedge the risk of a U.S. debt crisis.
Bitcoin has climbed above $80,000 this month, while gold has broken $4,600 per ounce.
