The same dynamic that drove investors toward NFTs and smaller coins during the pandemic-era crypto boom is currently playing out with gold and silver, according to Bitwise CIO Matt Hougan. As the precious metals scale new heights, he told Decrypt that investors appear to be rotating profits from one asset to the other in a way that parallels previous spillovers in crypto, where investors trimmed profitable positions in search of greater gains. “What you’re seeing in these other metals like silver is just a ...

Investors pulled capital from U.S. spot Bitcoin exchange-traded funds on Thursday, marking the fourth successive trading day of outflows amid heightened macroeconomic and geopolitical volatility. The funds shed a net $1.62 billion over four trading days, marking one of the largest and most sustained periods of net redemptions since the ETFs' inception in early 2024, per SoSoValue data. The streak, which began last Friday, continued through Thursday as the market processed a series of heavy withdrawals. ...