Bitcoin ETF Outperforms Gold in Institutional Investment Flows

BlackRock’s spot Bitcoin ETF (IBIT) has achieved a significant milestone in 2024, surpassing the world’s largest gold fund, SPDR Gold Trust (GLD), in net inflows. With $6.96 billion attracted to IBIT compared to GLD’s $6.5 billion, this development underscores growing institutional confidence in Bitcoin’s long-term value proposition. Interestingly, this occurred despite Bitcoin’s modest 3.8% price gain versus gold’s 29% rally, highlighting a fundamental shift in investor sentiment. The divergence between price performance and capital flows suggests that institutions are increasingly viewing Bitcoin as a strategic asset, potentially signaling a broader adoption trend in the financial sector. This trend could have significant implications for Bitcoin’s future price trajectory and its role in diversified investment portfolios.

BlackRock’s Bitcoin ETF Outshines Gold Fund in 2024 Inflows

BlackRock’s spot bitcoin ETF (IBIT) has surged past the world’s largest gold fund in net inflows this year, attracting $6.96 billion compared to SPDR Gold Trust’s (GLD) $6.5 billion. This milestone comes despite bitcoin’s modest 3.8% price gain against gold’s 29% rally, signaling institutional conviction in BTC’s long-term value proposition.

The divergence between price performance and capital flows highlights a fundamental shift in portfolio allocation strategies. While Gold benefits from traditional safe-haven demand amid trade tensions, bitcoin continues attracting institutional capital through regulated vehicles like IBIT, now ranked sixth among all ETFs for inflows globally.

Robert Kiyosaki Advocates Bitcoin Over Gold and Silver Due to Scarcity

Robert Kiyosaki, author of ’Rich Dad Poor Dad,’ has reiterated his preference for Bitcoin over traditional assets like gold and silver. His argument hinges on Bitcoin’s fixed supply of 21 million coins, a feature he believes makes it superior to commodities whose supply can expand with increased demand.

"One reason why I trust Bitcoin is there are only to ever be 21 million," Kiyosaki stated in a recent tweet. He contrasted this with gold, silver, and oil, where higher prices incentivize more mining or drilling, thereby diluting their scarcity.

Kiyosaki’s comments come as gold approaches the $5,000 mark, drawing attention to Bitcoin’s unique value proposition. His perspective underscores the growing institutional and individual shift toward digital assets as stores of value.

Crypto Market Faces Severe Security Breaches in April

The cryptocurrency market endured a turbulent April as cyber attacks surged, resulting in unprecedented financial losses. Hackers exploited vulnerabilities across decentralized exchanges and Bitcoin transactions, siphoning $357.11 million—a tenfold increase from March’s $33.46 million toll.

PeckShieldAlert data reveals 18 major incidents, exposing systemic weaknesses in protocol security. Industry leaders now demand urgent overhauls of asset protection frameworks to stem the bleeding.

Bitcoin Chart Patterns Suggest Potential Rally to $109K, Analysts Say

Bitcoin’s recent price action is flashing signals reminiscent of its late 2024 surge from $70,000 to $109,000, according to technical analysis by CoinDesk’s Chartered Market Technician Omkar Godbole. The weekly MACD histogram—a key momentum indicator—currently shows characteristics that previously preceded major bullish moves.

Traders typically interpret MACD crossovers in context with price behavior. The current setup suggests underlying strength despite bearish signals, potentially setting the stage for another significant upward leg. Market participants are closely watching whether this technical structure will again foreshadow a substantial BTC appreciation.

Bitcoin Accumulation Strengthens as BTC Approaches Key Resistance

Bitcoin has gained 3% in May after a 14% surge in April, signaling renewed bullish momentum. The rally coincides with accelerated inflows into BTC exchange-traded funds and sustained accumulation by both retail and institutional investors.

On-chain data reveals long-term holders have added over 250,000 BTC since March, pushing their total holdings above 14 million BTC. Short-term holders joined the accumulation trend last week, creating a rare alignment of confidence across investor cohorts.

Glassnode’s metrics show the 155-day holding threshold continues to separate transient traders from committed investors. "This suggests a degree of conviction not seen since the 2021 bull market," analysts note, pointing to the growing divergence between paper-handed speculators and diamond-handed accumulators.