Bitcoin ETF Outflows Went to AI and Chip Stocks, Not Gold
Summary
- According to the analysis, money that left spot Bitcoin (BTC) ETFs moved into AI and semiconductor-related stocks, not gold.
- Net inflows into spot BTC ETFs topped $53 billion after their 2024 launch, a much faster pace than gold ETFs, which took about five years to attract the same amount.
- After about $4.4 billion in net outflows from spot BTC ETFs during the recent correction, funds moved into AI and semiconductor stocks, then into U.S. Treasuries and cash, while outflows from gold funds largely shifted into lower-fee gold ETFs.
Forecast Trend Report by Period
Money leaving spot Bitcoin exchange-traded funds flowed into artificial intelligence and semiconductor stocks rather than gold, according to an analysis.
Crypto analyst Shanaka Anslem Perera wrote in a June 25 post on X that the market narrative that Bitcoin money moved into gold this year is incorrect.
Since spot Bitcoin ETFs launched in 2024, they have attracted more than $53 billion of net inflows, he wrote. He added that gold ETFs took about five years to gather the same amount.
During the recent market correction, spot Bitcoin ETFs recorded about $4.4 billion of net outflows over 13 consecutive trading days. That money went into AI and semiconductor-related stocks rather than gold, he wrote.
As risk aversion later intensified, funds moved back into U.S. Treasuries and cash.
Perera also wrote that gold ETFs saw outflows, but most of that money shifted into lower-fee gold ETFs rather than Bitcoin.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.