DarkenBiz
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Since the launch of BlackRock's iShares Bitcoin Trust ETF in January 2024:
• Bitcoin has risen by approximately 50%
• The S&P 500 has shown comparable performance
• Gold has risen by approximately 135%
Despite the influx of funds into spot ETFs, BTC's growth has been moderate. McGlone estimates that the launch of such funds only had a short-term effect due to the influx of capital from retail and corporate investors.
Over time, interest waned, and some funds began to flow into other assets, including traditional defensive instruments.
Analyst's conclusion: spot BTC ETFs in the US have not yet become a sustainable driver of crypto market growth.
At the same time, gold has confirmed its role as a safe haven asset amid macroeconomic uncertainty, delivering significantly higher returns over the same period.
• Bitcoin has risen by approximately 50%
• The S&P 500 has shown comparable performance
• Gold has risen by approximately 135%
Despite the influx of funds into spot ETFs, BTC's growth has been moderate. McGlone estimates that the launch of such funds only had a short-term effect due to the influx of capital from retail and corporate investors.
Over time, interest waned, and some funds began to flow into other assets, including traditional defensive instruments.
Analyst's conclusion: spot BTC ETFs in the US have not yet become a sustainable driver of crypto market growth.At the same time, gold has confirmed its role as a safe haven asset amid macroeconomic uncertainty, delivering significantly higher returns over the same period.
