U.S. exchange-traded funds are witnessing a shift from gold to Bitcoin, with over $9 billion inflows in Bitcoin ETFs over the past five weeks.
Gold-backed funds faced outflows exceeding $2.8 billion in the same period, as easing trade tensions reduced demand for traditional havens like gold.
Bitcoin's perceived status as an alternative store of value strengthened amidst concerns over U.S. fiscal stability, hitting a record high of $111,980.
Analysts see growing acceptance of Bitcoin as a portfolio hedge, with some cautioning about its volatility compared to gold's historical performance during geopolitical events.