機構投資

The flow of funds on Wall Street is often the most honest indicator. Data from Markets.com and CryptoDnes this week shows that institutional investors are voting with their feet. Gold ETFs have seen net inflows for six consecutive months, with total holdings continuing to rise; in contrast, Bitcoin ETFs, while shining brightly at the beginning of the year, face challenges of slowing growth and even capital outflows in the second half of 2025.
Current data shows that the total net inflow for gold ETFs is approximately $25.1 billion, temporarily leading Bitcoin-related funds at $18.9 billion. This reflects that in the current environment of macroeconomic instability, institutions prefer low-volatility assets. However, analysts also remind us that Bitcoin ETFs are still one of the fastest-growing financial products in history. Although they have temporarily lost to gold's strong cycle in the short term, in the long run, the two are not a zero-sum game, but rather complementary 'dual insurance' in a portfolio.