Gold's Historic Rally Leaves Bitcoin Behind, But the Trend May Reverse

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Cointime2025/03/17 03:22

By:Cointime

What to know:

Gold ETFs saw $10 billion in inflows over the past 30 days, while bitcoin ETFs recorded $5 billion in outflows, a divergence expected to reverse, according to ByTree Founder, Charlie Morris.
Spot gold reaches $3,002, up over 15% this year, fueled by ETF inflows, geopolitical risks, and U.S. tariff concerns.

Spot gold surpassed $3,000 an ounce for the first time before retreating to $2,990. Gold futures for April delivery also broke the $3,000 mark on Thursday.

The precious metal is now up over 15% this year, driven by strong ETF inflows , geopolitical uncertainty, and continued concerns over U.S. equities amid ongoing tariff discussions by former President Donald Trump.

Gold's Historic Rally Leaves Bitcoin Behind, But the Trend May Reverse image 0

Meanwhile, gold priced in British pounds has yet to reach its all-time high of £2,363, currently sitting around £300 below that level.

Charlie Morris , founder of ByTree and manager of the BOLD ETF, which includes both bitcoin and gold, has observed a divergence between gold and bitcoin ETFs and expects this trend to reverse soon.

“In the last 30 days, gold ETFs have seen $10 billion in inflows, while bitcoin ETFs have experienced $5 billion in outflows,” Morris noted. “Sooner or later, the flows will reverse again—just as they always do.”

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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