Bitcoin and Gold Funds Attract $7 Billion, 'Scarce Asset' Trade Makes a Comeback

Gold and Bitcoin ETFs have collectively attracted $7 billion in net inflows over the past five trading sessions, setting a record for capital inflows. GLD saw net inflows of $3.4 billion, while IBIT brought in $1.5 billion, with both ranking among the top ten U.S. ETFs for inflows. Amid expectations of fiscal expansion, supply-constrained gold and bitcoin share the same hedging logic, and the line between the two is gradually blurring.