Summary
Gold ETFs are experiencing a decline, with many investors not moving to bitcoin ETFs as an alternative. This trend could be contributing to the negative performance in the gold ETF category.
Key Points
1. Bloomberg Intelligence senior ETF analyst Eric Balchunas noted a concerning trend in the gold ETFs category.
2. Balchunas suggested that the poor performance in gold ETFs may not necessarily be driving investors towards bitcoin ETFs.
3. The current situation in the gold ETFs category is described as “pretty bad” by Balchunas.