Bitcoin ETFs Challenge Gold’s Throne: New Era?

Bitcoin ETFs are gaining ground on gold ETFs, accumulating $37 billion in just over a month. Bloomberg's Mike McGlone suggests diversifying portfolios by incorporating Bitcoin due to its resilience and increasing digitalization. However, long-term Bitcoin holders exiting their positions may indicate a potential downside movement. Institutional demand continues to drive Bitcoin's price despite a decline in retail participation. The future influence of institutions on Bitcoin's price remains uncertain.