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Bitcoin ETFs gain as gold funds see outflows

  • 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.

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