تذبذبات تداول العملات المشفرة مقابل الذهب: تتراجع العلاقة بينهما إلى أدنى مستوى لها منذ عامين، وتتفوق تدفقات الاستثمار في صناديق الاستثمار المتداولة لبيتكوين على تدفقات الاستثمار في صندوق GLD
-
Key points:
Inflows into spot Bitcoin ETFs have increased, while gold funds have experienced outflows.
JPMorgan analysts attributed the shift in part to geopolitical tensions, which have not driven both assets higher simultaneously.
The divergence marks a reversal from earlier in the year when gold attracted stronger investor demand.
Bitcoin’s (BTC) correlation with gold fell to its lowest level since November 2022 on Wednesday, with inflows into spot Bitcoin ETFs rising while flows into gold declined.“This means Bitcoin is moving in the opposite direction with strong intensity,” on-chain analysis firm CryptoQuant said in a post on X. “Capital flows into Bitcoin have driven its price up to $74K, while gold has experienced a slight decline.”
ETF Flows Highlight Capital RotationJPMorgan analysts, led by Managing Director Nikolaos Panigirtzoglou, noted last week that the correlation between Bitcoin and gold snapped under the pressure of the U.S.-Iran war. They said that while geopolitical instability usually drives a unified bid for safe havens, gold and Bitcoin were currently moving in opposite directions.
JPMorgan stated that this was a reversal in the trend seen earlier in the year when gold funds held the advantage. It is estimated that GLD saw 2.7% of assets under management (AUM) outflows, while the iShares Bitcoin ETF (IBIT) saw 1.5% of AUM inflows.
BTC Vs GLD: The Price Action
Bitcoin’s price was down 1.7% in the last 24 hours to around $72,400 on Wednesday morning. Retail sentiment around the apex cryptocurrency remained in ‘bullish’ territory over the past day, while chatter was at ‘normal’ levels.
Meanwhile, gold prices fell as much as 2.5% over the past day, trading just above $4,800 in early morning trade. The SPDR Gold Shares ETF (GLD) was among the top trending tickers on Stocktwits. Retail sentiment around the fund dipped deeper into ‘extremely bearish’ territory, while chatter remained at ‘normal’ levels over the past day.
source: https://www.tradingview.com/news/stocktwits:b1232bcf7094b:0/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
تسجيل دخول