Bitcoin ETFs draw $1.32B as gold ETFs lose $2.92B in March

Bitcoin ETFs pulled in $1.32B in March. Gold ETFs lost $2.92B.

US spot Bitcoin funds saw net inflows of $1.32B last month, per ETFdb’s spot Bitcoin ETF tracker. US gold ETFs bled $2.92B over the same period, according to ETFdb’s gold ETF page.

Bloomberg’s James Seyffart says the split isn’t a blip. He argues investors use Bitcoin for more roles than gold. Store of value. Growth bet. Liquidity proxy. Digital property. “There are just more use cases of why somebody would put a Bitcoin ETF in a portfolio,” he said on Coin Stories podcast.

“It can be hot sauce in a portfolio,” Seyffart added. His base case: Bitcoin ETFs will overtake gold ETFs in AUM over time source.

Prices slipped anyway. Bitcoin traded near $66,889 at the time of the report, down 7.35% over 30 days. Gold was around $4,674, down 8.20% over the same stretch goldprice.org.

Headline: US Bitcoin ETFs add $1.32B in March as gold ETFs see $2.92B out; Seyffart expects BTC ETFs to top gold AUM