Bitcoin and gold ETF flows diverge as 2025 rally drives profit-taking and March inflows shift

Over the 30 days to March 6, Bitcoin exchange-traded funds shifted from a $1.9 billion net outflow to a $273 million inflow, while major gold ETFs saw a record $3 billion single-day withdrawal after strong gains in early 2025. Holdings data in native units show Bitcoin ETFs adding 4,021 BTC as gold ETF reserves fell from 1.4 million to 621,100 ounces, hinting at an early rotation in capital. Analysts say gold’s powerful 2025 rally and past cycles suggest Bitcoin could assume relative performance leadership over time, even as both assets may benefit from macro and geopolitical risks.