Leading gold ETFs have seen outflows of $2.39 billion so far this year as the price of spot gold declines.
Gold-tracking exchange-traded funds (ETFs) have lost billions in outflows this year in stark contrast to ETFs tracking the spot price of Bitcoin (BTC).
The leading 14 gold ETFs have seen outflows of $2.4 billion this year, according to Bloomberg intelligence analyst Eric Balchunas on Feb. 14.
In January, Bloomberg senior commodity strategist Mike McGlone predicted that gold would outperform Bitcoin in 2024, but he appears to be a little off the mark at the moment.
