Bitcoin Cements Dominance Over Gold, Records $23.6B Net Inflows
Highlights
- Bitcoin ETFs attract $23.6 billion in inflows, outpacing gold ETFs with $5 billion outflows in 2024.
- Recent surge in Bitcoin ETF inflows signals growing investor interest, with notable increases recorded on March 15.
- JPMorgan forecasts a $62 billion market size for Bitcoin ETFs, reflecting growing market optimism amidst Bitcoin's all-time high valuation and sustained investor activity.
Bitcoin’s ascent in the financial landscape has been nothing short of remarkable, as evidenced by the significant influx of capital into Bitcoin exchange-traded funds (ETFs). A staggering $23.6 billion has flowed into Bitcoin ETFs, excluding Grayscale’s GBTC, since the commencement of the year. This surge in investment contrasts starkly with the outflows experienced by global gold ETFs, which have witnessed a substantial $5 billion departure of funds in 2024 alone.
The impact of this shift is particularly notable in key regions such as North America and Europe, where gold ETF outflows amount to -$4.7 billion and -$1.4 billion, respectively. Such data underscores the growing dominance of Bitcoin as the preferred investment choice over traditional assets like gold.
Recent Surge in Bitcoin ETF Inflows
In recent days, the momentum behind Bitcoin ETFs has only accelerated, with a discernible surge in inflows into specific funds such as the U.S. Spot Bitcoin ETF and Fidelity’s FBTC. On March 15th, inflow figures witnessed a remarkable spike compared to preceding days, signaling a burgeoning interest among investors.
This surge gains further significance when juxtaposed with outflows from prominent Bitcoin investment vehicles like Grayscale’s GBTC and BlackRock’s IBIT. The sustained inflow trends underscore the continued favorability of Bitcoin as a lucrative investment avenue, capturing the attention and capital of astute investors globally.
Also Read: Solana (SOL) Price To Hit $210 Or Correction To $180 Ahead?
Market Size and Market Optimism
JPMorgan’s assessment of the potential market size for Bitcoin ETFs further solidifies the cryptocurrency’s status as a formidable asset class. With projections reaching a staggering $62 billion, using gold as a benchmark, Bitcoin’s disruptive potential becomes increasingly evident. February proved to be a watershed moment for the cryptocurrency market, witnessing a surge in total market capitalization by nearly 40% to an impressive $2.2 trillion.
Accompanying this surge was a remarkable 31% increase in Bitcoin’s price within a month, reaching an unprecedented all-time high of over $73,800. This surge in value coincided with significant inflows into Bitcoin ETFs, further fueling optimism among investors. Despite recent corrections in the market, the 24-hour trade volume for Bitcoin has demonstrated resilience, experiencing a substantial increase and signaling sustained investor activity.
Also Read: Cronos (CRO) Price Rallies 12% On Major Upgrade Announcement
- Aster Outpaces Lighter in Perp DEX Rankings as Wintermute Buys the Dip After Previous Dump
- Is This Final Bitcoin Price Correction Before US Shutdown Ends, Fed Rate Cuts?
- Blockchain for Good Alliance and UNDP AltFinLab Launch Blockchain Impact Forum
- ‘Trump Insider Whale’ Increases Bitcoin Short As U.S. Counters China in New Australia Deal
- Trump Advisor Hints US Government Shutdown Could End This Week, Opening Door for XRP ETF Ruling
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
- Bitcoin Price Prediction as Gaussian Channel Turns Green Amid U.S.–China Trade Progress and Fed Rate Cut Hopes
- Solana Price Prediction: Analyst Notes Bearish Breakdown Amid Derivatives Slowdown
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
