Research from Standard Chartered Bank shows a marked exodus from spot gold exchange-traded funds (ETFs) to bitcoin ETFs.
Gold vs. Bitcoin: ETFs Show Shifting Investor Sentiment as BTC Holds $95K
London-based Standard Chartered Bank published research on Tuesday showing a migration of investor capital from spot gold ETFs to bitcoin ETFs, as the cryptocurrency held steady just above the $95K threshold.
Geoffrey Kendrick, head of digital assets research at the bank, circulated a report on Monday forecasting a “fresh all-time high” for bitcoin at $120K by the summer with a potential of climbing all the way to $200K by the end of 2025.
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And now, Kendrick has distributed another note to his clients highlighting the widening gap between gold ETF inflows and bitcoin ETF inflows, an indicator he says points to a potential surge in the digital asset’s price, similar to the all-time high that followed last year’s presidential election.
(Investors are moving capital from gold ETFs into bitcoin ETFs at a level unseen since the 2024 presidential election / Standard Chartered)
“The last time the gap was this wide was the week of the U.S. election,” Kendrick said. “Bitcoin gains are catching up to gold, and I think bitcoin is a better hedge than gold against strategic asset reallocation out of the U.S.”
Overview of Market Metrics
Bitcoin is currently trading at $95,371.91, according to Coinmarketcap. The cryptocurrency posted a 1.37% gain over the past 24 hours and has climbed 4.59% over the past week, remaining near the upper end of its daily range between $93,498.21 and $95,468.81. Despite the price uptick, overall market activity showed signs of cooling, with 24-hour trading volume down by 19.34% to $24.86 billion.
(BTC price/ Trading View)
Bitcoin’s market capitalization rose to $1.88 trillion, marking a 1.46% increase from the previous day, even as BTC dominance edged down slightly by 0.095% to 64.34%, according to Trading View. This slight dip in dominance suggests that while bitcoin maintains leadership in crypto, altcoins are reclaiming a small share of investor attention.
(BTCdominance / Trading View)
Futures data from Coinglass paints a picture of relative calm in derivatives markets. Open interest declined slightly by 1.35% to $62.51 billion, and total liquidations were very minimal at just $73,960. Long positions accounted for the bulk of the liquidations at $57,740, compared to $16,230 in shorts, indicating bulls took a minor hit, but the overall market remains stable and largely unshaken.
