Gold ETF’s 8-Year Stagnation Offers Lessons for Bitcoin ETF Investors
BlackRock's IBIT Bitcoin ETF has sold almost 100,000 BTC in recent months to meet redemption requests. Bloomberg Intelligence analyst Eric Balchunas draws a parallel between the performance of gold ETFs and Bitcoin ETFs, noting that both are wrappers around non-yielding assets driven by investor sentiment rather than fundamentals.
Topics: Bitcoin ETF Gold ETF investor sentiment non-yielding assets