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$2.4 billion withdrawal from gold ETFs in 2024; Unlike Bitcoin ETFs

According to Eric Balchunas, senior analyst at Bloomberg Intelligence, a total of 14 top gold ETFs have seen $2.4 billion in outflows since the beginning of 2024. While, according to Farside data, the value of capital inflows to 10 spot bitcoin ETFs since their launch on January 11 (Dec 21) has reached a total of $3.89 billion. Of course, Balchunas believes this doesn't necessarily mean investors are moving from gold ETFs to spot bitcoin ETFs, but could simply be the result of fomo in the US stock market.