Investors just moved $7 billion into Bitcoin and gold in five days to escape an accelerating dollar crisis
6 Articles
6 Articles
After weeks of barely moving, Bitcoin has awakened from hibernation. Investors appear to be losing confidence in the dollar due to the ever-increasing US national debt and budget deficit. When confidence in the world's leading currency wanes, debasement trading returns and people look for an alternative to the dollar: Bitcoin.
Bitcoin ETF & Gold ETF See $7B Inflows In A Week, BlackRock's IBIT Leads
Key Insights: Spot Bitcoin ETFs have also recorded more than $2.8 billion in inflows across the past eight trading sessions. On the other hand, Gold ETFs saw $3.3 billion in inflows. BlackRock’s IBIT continues to dominate Bitcoin ETF demand, recording $200.76 million in inflows on August 26. BTC price can be seen taking support at $76,400 before bouncing back for the next stage of the rally. Spot Bitcoin ETFs have continued to drive major inflo…
CryptoSlate
BITRSSInvestors just moved $7 billion into Bitcoin and gold in five days to escape an accelerating dollar crisis
Gold and Bitcoin exchange-traded funds (ETFs) drew roughly $7 billion over five US trading sessions, a record combined haul that puts both assets at the center of a renewed investor push for protection against currency weakness and mounting fiscal pressure. About $3.4 billion of this capital went into SPDR Gold Shares (GLD) while BlackRock’s iShares Bitcoin Trust (IBIT) attracted roughly $1.5 billion. GLD manages more than $150 billion in assets…
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