Gold shed billions in March. Bitcoin quietly pulled in more than a billion.
Flows Tell A Diverging Story
US spot Bitcoin exchange-traded funds attracted $1.32 billion in net inflows last month, even as US-based gold ETFs bled $2.92 billion in net outflows over the same period.
The gap caught the attention of Bloomberg ETF analyst James Seyffart, who said the trend reflects something bigger than a monthly blip — it points to Bitcoin’s growing appeal as a multi-purpose portfolio asset.
“There are just more use cases of why somebody would put a Bitcoin ETF in a portfolio,” Seyffart said on the Coin Stories podcast, published to YouTube on Friday.
Gold’s rough March was punctuated by a single brutal day. On March 4, GLD — the largest US gold-backed ETF — recorded a $3 billion outflow, its steepest single-day withdrawal in over two years.
Data from the Bank for International Settlements, cited in mid-March reports, showed Wall Street had been accelerating its gold
We współpracy z: https://www.newsbtc.com/news/bitcoin/bitcoin-etfs-gaining-ground-could-soon-surpass-gold-analyst/
