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Bitcoin ETFs Steal Gold’s Shine

The price of gold has shot up nearly 45% since February 2024 to $2,927.10 per ounce according to gold.org, but Bloomberg exchange-traded fund (ETF) Analyst Eric Balchunas says “No one cares,” in a post on X. Indeed, gold...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin ETFs Steal Gold’s Shine
The price of gold has shot up nearly 45% since February 2024 to $2,927.10 per ounce according to gold.org, but Bloomberg exchange-traded fund (ETF) Analyst Eric Balchunas says “No one cares,” in a post on X. Indeed, gold ETFs have virtually stalled within that same timeframe, while spot bitcoin ETFs have amassed more than $40 […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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