Despite Goldrally: Bitcoin ETFS Gold will soon be ranked?
The gold price has marked one record high after another in the past few days. Nevertheless, Bitcoin ETFs are also becoming increasingly popular among investors and are on the heels of the precious metal.
Values in this article
Raw materials
3,678.12 USD -11.68 USD -0.32%
currency
98,466,8836 EUR 103.1320 EUR 0.10%
116,732,6204 USD -40.9520 USD -0.04%
• Gold price is steadily marking new record highs
• Rails in Bitcoin ETFs approach those of gold ETFs
• underlying factors in both assets the same
For the gold price, a new record high has been going on again and again in the past few days. The precious metal is powered by the view of falling key interest rates in the USA, with investors even hoping for a great reduction in the US Federal Reserve Fed for 50 basis points. Within one month, the gold price rose by 10.5 percent to around $ 3,689. In the past twelve months it has even been 42.4 percent up.
In addition to the interest rate hopping hopes, the numerous geopolitical conflicts in the world also contributed to the high price of the gold price. In addition, there is uncertainty about the aggressive customs policy of US President Donald Trump and the steady gold purchases of states such as China and India.
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Bitcoin is becoming more popular
But Bitcoin cryptocurrency is also becoming increasingly popular, which is also noticeable here at a massive price jump. The price for a BTC climbed on 14 August via coinmarketcap to $ 124,457.44. Since then there has been a correction. Within one month, the Bitcoin lost 1.18 percent to $ 116,430. On the other hand, the digital currency has climbed by a whopping 101.37 percent within the past twelve months.
According to Frontier, the fact that Bitcoin is gaining in popularity should also be due to the fact that the edition of Bitcoin ETFs has “legitimized the cryptocurrency” for many investors “, as Marketwatch cited for many investors. The BTC course rally would indicate a “broader acceptance and speculative positioning”.
Bitcoin ETFs with large tributaries
Since the US permit of the first Bitcoin Spot ETFs in January 2024, they have experienced a strong inflow in terms of managed assets (assets under management, AUM). In fact, BESPOKE Investment recently published a graphic on the short message service X, which represents how much the development of gold and bitcoin ETFs is now approaching. At the end of August, Bitcoin ETFs would already include around $ 150 billion, gold ETFs are not far away at around $ 180 billion.
How long before Aum in “Digital Gold” ETFS Surpasses Physical? Bitcoin Etf Assets Are Closing in On Gold Etf Assets. Currently ~ $ 150 Bln to ~ $ 180 bln. pic.twitter.com/4zm2fmfymx
– BESPOKE (@Bespokeinvest) August 28, 2025
The massive increase in managing assets in Bitcoin ETFs is particularly impressive when Bitcoin futures ETFs have been available since 2021, but spot ETFs have not even been available for two years. Lavalle estimates that the cryptocurrency has taken over a share of the gold market and in particular “young investors and those with a higher risk tolerance” was able to win over. Nevertheless, a Bitcoin system is not a 100 percent alternative for a gold investment, since central banks had acquired more than 1,000 tons of gold last year, but “zero Bitcoin”. The gold purchases of central banks rose massively last year. At the same time, the financial institutions would have reduced their stocks of US state bonds.
Lavalle argues that gold can look back on a long success story and that “several financial crises would have survived for centuries”. “The success story of the Bitcoin is 15 years and most of it happened within a bull market driven by liquidity,” said the expert.
Both assets driven by the same factors
Nevertheless, the “positive, simultaneous price movement between Bitcoin and Gold” indicates that both assets are traded on the same basis, namely “the current fear of inflation”, said Lavalle.
As State Street Investment Management Expert Aakash Doshi argues against Marketwatch, gold and Bitcoin are currently favored by the same factors. Both assets are driven by the weaker US dollar and serve as an alternative to cash. However, the decisive difference is that gold is a very low volatility, whereas the Bitcoin is affected by very strong price fluctuations. So if the United States heads towards stagflation or even down, then gold would act as a safe harbor, said Doshi.
Plants with different risks
According to Marketwatch, Bitwise investment strategist Juan Leon ultimately sees no clear winner when it comes to the question of whether gold or Bitcoin is more suitable as an investment for investors. In his opinion, there would be no “either or”, ultimately the answer was “probably both”. While gold would offer stability and crisis protection, Bitcoin has “asymmetrical upward potential, a faster acceptance curve and macroeconomic risk security potential”.
The current overarching trend that would drive both assets, namely “the falling trust in government bonds”, is important, Lavalle is quoted. After all, it would be important that central banks would also buy gold at the current record prices. It would show that they were more concerned about devaluation of money, because the high gold prices would be worried. “Bitcoin also supports the same dynamics, but more by inflows from the private customer and hedge funds than through a sectors.”
As long as the topic remains, the upward trend of both assets can continue. Gold remains “more reliable protection” for conservative investors due to the support of institutions and the long track record.
Martina Köhler / Redaktion Finanzen.net