Bitcoin ETF and gold among the most negotiated while prices are around historical maximums


By Hannah Pérez

The phenomenon reflects a growing interest of investors for assets resistant to monetary devaluation amid macro pressures. Bitcoin approached his maximum of USD $ 124,000 this Friday while gold broke new records.

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  • The Bitcoin and Gold ETF entered the top 10 of the most negotiated after marking record volumes.
  • Blackrock Ibit, with exposure to BTC, was 7th with more volume while GLD was in the 4th place.
  • Bitcoin emerged over USD $ 121,000 and extends profits to approach their historical maximum.
  • Gold almost touched USD $ 3,900 establishing an unprecedented new level.
  • The phenomenon reflects a growing appetite for assets resistant to monetary devaluation

The funds quoted in the stock market (ETF) of Bitcoin And gold have experienced a significant increase in their commercial volume, among the most negotiated in the market, at a time when both assets approach their historical price.

On Thursday, the dominant ETFs of Bitcoin And gold were located within the top 10 of the most negotiated, after registering high commercial volumes, according to ETF senior analyst BloombergEric Balchunas.

He Ishares Bitcoin Trust (Ibit), managed by Blackrockclosed the session with a Volume of USD $ 3,210 million, occupying the 7th place. This figure contributed to raising the joint volume of the 12 ETF of Bitcoin in cash to USD $ 5.6 billion.

For its part, the SPDR Gold Shares (GLD), linked to precious metal, recorded a volume of 4,880 million dollars, which made it the most negotiated fourth ETF. The most active ETF of the session was the SPDR S&P 500 (SPY), with more than 26,000 million dollars in volume, according to data shared by balchunas on platform X.

I guess everyone wants to participate in the exchange of devaluators“The analyst added, suggesting that the phenomenon reflects a growing interest of investors for assets resistant to monetary devaluation amid macro pressures.

Gold rises almost 50% in the year

This milestone occurs in a context where both assets considered value shelters They experience strong profits. Gold has risen more than 45% so far this year, establishing new price records almost daily in recent weeks. The precious metal reached an unprecedented maximum of $ 3,890 on Thursday, although later experienced a slight fall.

Analysts such as Balchunas describe this movement as part of the “solid money trade“, Where investors seek refuge in immune assets to government devaluation of fiduciary currencies. This interest can be promoted by events such as the recent closure of the United States government.

Bitcoin recovered the USD $ 123,000

Meanwhile, Bitcoin (BTC), often nicknamed “digital gold”, is in full recovery and approaches its historical maximums amid a broader rebound in the cryptocurrency market. The cryptocurrency exceeded $ 121,000 on Thursday for the first time since August, promoted by favorable macroeconomic winds and the expectation of a historically bullish October.

The impulse was reflected in the ETF flows of Bitcointhat on Thursday they attracted net tickets for USD $ 627 million. Only Ibit captured 466.5 million dollars of that total. With a streak of four consecutive positive days, the ETFs of Bitcoin Weekly tickets accumulate for more than 2.2 billion dollars until Thursday.

Bitcoin He extended the profits on Friday to momentarily resume a price of more than $ 123,000, very close to its historical ceiling of $ 124,000 reached on August 14, in the middle of a 3% rise in 24 hours. So far this year, Bitcoin It has increased around 30%, although it is lagging compared to gold profits in the same period.

Global Hard Assets appetite

Experts such as economist Noelle Acheson highlight that this rally could last due to structural changes in the market, including greater institutional demand and a wider potential investors cohort, driven by factors such as the fear of being out (FOMO) and the erosion of the value of the currencies fiattogether with increasing geopolitical uncertainties. Dominic Frisby, defender of solid money, added that so much Bitcoin As gold cannot be printed by governments, indicating a loss of faith in traditional currencies, according to the coverage of COINDESK.

This moment is different from the previous ones “said Acheson in an X publication, noting that the growing geopolitical uncertainty is promoting a “gradual diversion from the US dollar to global hard assets” as Bitcoin.

In addition, La Plata has also shown a strong rebound, quoting just below $ 48 and approaching its third highest historical level, which could have implications for gold prices and Bitcoin According to historical patterns.

This boom in ETF volumes underlines the growing attraction of these assets as coverage against inflation and economic instability, in a year marked by volatility in both traditional and cryptocurrency markets.


Article written with the help of AI, edited by Diariobitcoin

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