Gold exchange-traded funds (ETFs) have now surpassed bitcoin ETFs in assets under management as investors have shifted towards this traditional safe-haven asset amid the recent drops in BTC pricing, which declined over 19% in the past three months. Conversely, gold prices have seen an increase of 12.5% in the same timeframe.

Bitcoin ETFs had previously enjoyed significant inflows following their introduction in January last year but have recently faced substantial outflows, amounting to approximately $3.8 billion since February 24, as reported by Farside Investors. Meanwhile, gold ETFs achieved their largest monthly inflows since March 2022 according to the World Gold Council.

“The Empire Strikes Back: Gold ETFs have reclaimed the asset crown over bitcoin ETFs thanks to a 12% gain this year.” — Eric Balchunas (@EricBalchunas)

Spot bitcoin ETFs in the U.S. first surpassed gold ETFs in assets management back in December 2024 following a surge in the cryptocurrency market spurred by Donald Trump’s election victory. Meanwhile, gold prices are reaching new highs, with gold trading above $3,000 per ounce for the first time amid ongoing market volatility and geopolitical uncertainties.