INSTRUMENT SHIFT: Shifting from Physical Gold to Bitcoin Bars & Coins | Holger Zschaepitz @Schuldensuehner

Looks as if retail investors shifting from #Gold to #Bitcoin.

Bitcoin funds saw an inflow of $10.6bn YTD vs. an outflow of $7.6bn for physical gold ETFs.

BUT: Acc to JPM, this outflow trend does not reflect an aversion to Gold by private investors such as individuals & family offices but rather an instrument shift away from physical Gold ETFs to bars & coins.

"Privacy & tangibility have become a more important consideration for private investors since the pandemic and physical gold ETFs have a disadvantage in this respect relative to holding bars and coins," JPM's Nikolaos Panigirtzoglou says.

x