Gold ETF Sees $20B Outflows as Currency Depreciation Hedge Trades Fade, Bitcoin ETF Follows

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According to The Block, in the week ended June 5, gold ETF experienced outflows of approximately $20 billion, while Bitcoin ETF saw gradual outflows over the past four weeks, according to JPMorgan Chase analyst Nikolaos Panigirtzoglou. The slowdown reflects a broader retreat in currency depreciation hedge trades—a strategy in which investors purchase Bitcoin and gold in response to geopolitical uncertainty, inflation, rising government debt, and demand for U.S. dollar diversification. JPMorgan noted the retreat is visible across ETF, futures, and investor positioning.
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