Bitcoin: Gold, BTC ETFs Post Record $7B Flows
Bitcoin and gold ETFs post record $7B weekly inflows as debasement trade overtakes AI, with IBIT YTD flows turning positive and GLD leading.
SourceAnalysis
Bitcoin and gold ETFs combined for +$7b in flows over the past week, the largest 5-day total on record as the debasement trade pulls focus from AI. GLD and IBIT ranked in the weekly top 10 while IBIT YTD flows flipped positive after erasing prior outflows.
At $78050.86 BTC holds above the EMA50 support at $75050.92 inside a bullish structure, yet the MACD death cross at 1027.64 and price pressing the upper Bollinger Band at $80410.82 point to near-term volatility exhaustion that favors a retracement toward the $76582.01 lower band before any extension higher.
Eric Balchunas
@EricBalchunasBloomberg's Senior ETF Analyst and acclaimed author, co-hosting Trillions & ETF IQ while bringing deep institutional investment insights.