JPMorgan: BTC and gold ETFs show opposing flows since Iran conflict

Fund flows for Bitcoin and gold exchange-traded funds (ETFs) have shown a stark contrast since the conflict in Iran began, according to a JPMorgan analysis reported by The Block. Since the outbreak, the largest gold spot ETF, GLD, has seen outflows of approximately 2.7% of its assets, while the largest Bitcoin spot ETF, IBIT, has experienced inflows of about 1.5%. The report stated that investors are shifting their positions between the two assets. It also noted signs of decreasing volatility in Bitcoin as the share of institutional investors grows and market liquidity improves.