Eric Balchunas: Gold and Bitcoin ETF earns over $7 billion in weekly earnings

Bloomberg ETF analyst Eric Balchunas stated that the combined inflow of gold ETFs and Bitcoin ETFs exceeded $7 billion in the past week, setting a record for the highest inflow in a 5-day trading cycle in history. SPDR Gold Shares (GLD) and iShares Bitcoin Trust (IBIT) have entered the top ten ETF fund inflows in the past week, with market focus shifting towards currency depreciation trading. Since the beginning of this year, the cumulative inflow of funds into IBIT has turned positive, filling the gap of previous fund outflows.