Bitcoin and Gold ETFs Soar with Record $7B Flows Amid Debasement Trade

Bitcoin and gold exchange-traded funds (ETFs) saw an influx of $7 billion in flows over the past week, marking the largest 5-day total on record. This surge is attributed to investors shifting their focus from artificial intelligence (AI) to the debasement trade.

The top-performing ETFs include GLD and IBIT, which ranked among the top 10 in weekly flows. Additionally, IBIT's year-to-date (YTD) flows turned positive after previously experiencing outflows.

Bitcoin itself held above the EMA50 support at $75,050.92 within a bullish structure. However, technical indicators suggest near-term volatility exhaustion, favoring a retracement towards the lower Bollinger Band before any potential extension higher.