Bitcoin fails to ride the wave of safe-haven demand; gold ETFs see $3 trillion in inflows - JP Morgan analysis

In its latest report released on the 17th, JP Morgan's analyst team analyzed that while investors' "safe haven demand" is driving gold prices higher amid growing macroeconomic uncertainty, Bitcoin has not benefited from this. According to the analyst team led by Managing Director Nikolaos Panigirtzoglou, gold is attracting inflows in both ETFs (exchange-traded funds) and futures markets, but Bitcoin is being left behind. The Block reported on the 17th.

Global gold ETFs recorded net inflows of $21.1 billion (about 3 trillion yen) in the first quarter of 2025, of which China and Hong Kong ETFs alone...