Summary
- JPMorgan said that after the Iran war, the largest gold exchange-traded fund (ETF), SPDR Gold Shares (GLD), saw an outflow of about 2.7% of its assets.
- By contrast, the largest spot bitcoin ETF, iShares Bitcoin Trust (IBIT), saw inflows of about 1.5%.
- JPMorgan added that investors are rebalancing between gold and bitcoin, and that bitcoin volatility is declining as institutional ownership increases and market liquidity improves.
Forecast Trend Report by Period
An analysis suggests that, following the Iran war, fund flows for bitcoin (BTC) and gold exchange-traded funds (ETFs) have clearly diverged.
According to The Block, a digital-asset (cryptocurrency) industry outlet, on the 12th (local time) JPMorgan said that since the outbreak of the Iran war, about 2.7% of assets have flowed out of SPDR Gold Shares (GLD), the largest spot gold ETF, while roughly 1.5% of funds flowed into iShares Bitcoin Trust (IBIT), the largest spot bitcoin ETF.
JPMorgan explained that “investors are rebalancing their positions between gold and bitcoin.”
It added that there are also signs bitcoin’s volatility is gradually declining as institutional ownership rises and market liquidity improves.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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