Gold ETFs down $2.4 billion in 2024 as BTC and this memecoin soak up liquidity

It’s 2024, and the investment landscape is undeniably shifting – traditional safe havens like gold ETFs are experiencing notable outflows in contrast to Bitcoin ETFs, which have seen a substantial increase in interest since their debut at the beginning of the year. This change suggests investors are exploring new territories, possibly looking for alternatives that […]

Bitcoin’s correlation with gold sinks to two-year low, a warning for investors

Key Takeaways Bitcoin’s correlation with gold is at a two-year low Divergence highlights yet again that Bitcoin remains a risk-on asset This may change in the future, but for now, Bitcoin resides on the long-end of the risk spectrum  With full effects of tight monetary policy still to come, market should not get ahead of […]

‘crypto is digitalising gold in many way’

BlackRock CEO Larry Fink was all praise for BTC in a recent interview. The asset manager refiled for a Spot Bitcoin ETF earlier this week. Bitcoin is currently up close to 90% versus the start of the year. Bitcoin made a new 52-week high this morning after Larry Fink – the Chief Executive of BlackRock […]

Bitcoin correlation with gold drops, highlighting risk-on nature remains

Key Takeaways Bitcoin’s correlation with gold is currently at its lowest level since FTX collapsed in November Our Head of Research writes that while one day Bitcoin may become a store of value, the numbers say it currently trades like an extreme risk-on asset Bitcoin lost 76% of its value amid the pullback in risk […]