Leading gold ETFs have seen outflows of $2.39 billion so far in 2024 as the price of spot gold declines.
Gold-tracking exchange-traded funds (ETFs) have lost billions in outflows in 2024, in contrast to ETFs tracking the spot price of Bitcoin.
The 14 leading gold ETFs have seen outflows of $2.4 billion so far in 2024, according to an X post from Bloomberg intelligence analyst Eric Balchunas on Feb. 14.
In January, Bloomberg senior commodity strategist Mike McGlone predicted that gold would outperform Bitcoin in 2024, but he appears to be a little off the mark at the moment.
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Source: https://cointelegraph.com/news/gold-etfs-bleed-this-year-as-bitcoin-etfs-hit-record-volumes