JPMorgan: Bitcoin and Gold ETF Fund Flows Diverge Following the Iran War

According to JPMorgan analysis, since the outbreak of the Iran-Iraq War in late February, there has been a significant divergence in fund flows between Bitcoin and gold ETFs. The largest gold ETF, SPDR Gold Shares (GLD), saw outflows of approximately 2.7% of its assets, while the iShares Bitcoin Trust (IBIT) recorded inflows of approximately 1.5%. Analysts also noted that institutional investors have recently increased their short positions and hedging demand for Bitcoin, but with increased institutional holdings and improved market liquidity, Bitcoin volatility has shown signs of convergence. (The Block)