The gap between Bitcoin ETF and gold ETF flows has hit $4 billion, with analysts calling Bitcoin “a better hedge than gold” against strategic asset reallocation out of the U.S.
While Bitcoin ETF inflows have topped $3 billion over the past five trading days, gold ETFs have seen outflows of $1 billion—creating a $4 billion gap between them.
Standard Chartered analysts told Decrypt that Bitcoin functioning as “a better hedge than gold against strategic asset reallocation out of the U.S.,” with tentative improvements in President Trump’s trade war softening interest in gold.
The bank has taken a bullish stance on Bitcoin, arguing that the cryptocurrency is on track to hit a record price this quarter and $200,000 by the end of the year.
Bitcoin ETFs Outstrip Gold as Investors Turn to ‘Better Hedge’ Against US Assets
Bitcoin ETFs have drawn $3 billion in inflows while gold ETFs have seen deposits shrink by $1 billion, Standard Chartered noted.
Court Bars OFAC From Reinstating Tornado Cash Sanctions
The Treasury can't just quietly delist Tornado Cash and sanction it later on when the smoke clears, a Texas judge ruled.
If approved by the governor, Arizona could become the first state to solidify the regulation of crypto and digital assets on the frontier.
Bitcoin on Track for Record Price This Quarter as Investors Reallocate Assets: Standard Chartered
Bitcoin will continue to rise this quarter and hit new highs, multinational bank Standard Chartered has forecast.
📊 MYRIAD Market of the Day
Fear and Greed Index at 59 or higher on April 30?
Trade “Fear and Greed Index at 59 or higher on April 30?” on Myriad
💬 Quote of the Day
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“Congratulations to the brave plaintiffs who had the courage to stand up to their own government for their rights under law. We celebrate so much vapid nonsense in our culture; these are the less famous heroes who deserve our attention and gratitude.”
🎮️ GG: Ethereum NFT Horse Racing Game 'Zed Run' Reborn on Base as 'Zed Champions'
Early Ethereum NFT gaming standout Zed Run shut down in February, but a new version is launching Monday on Base.
🤖 EMERGE: Duolingo Is Adopting an 'AI-first' Approach, Says CEO Luis von Ahn
Duolingo CEO Luis von Ahn said the company will begin to gradually use AI for repetitive tasks and ask employees to focus on creative work.
🎭️ SCENE: Why RTFKT and Nike’s Ethereum NFT Artwork Disappeared
Ethereum NFT collectors noticed that images for multiple RTFKT collections were no longer showing—but a fix is in the works.
📚 Watch and Learn
📹️ WATCH: DeFi Suite Common is Making Privacy Accessible
Common and Aleph Zero co-founder Adam Gągol joined Decrypt to talk about how the DeFi suite is making accessible privacy a seamless default, and why it's crucial for the mainstream adoption of crypto.
Sponsored post by Common
🎓️ LEARN: What Are Coin Mixers and How Do They Work?
Coin mixers like Tornado Cash have faced sanctions for aiding money laundering, but advocates argue they have legitimate use cases.
