Bitcoin ETFs are attracting capital inflows while gold ETFs are experiencing outflows. BlackRock's IBIT saw assets grow by approximately 1.5%, while the SPDR Gold ETF (GLD) experienced outflows of around 2.7% amid recent geopolitical tensions. This divergence in institutional capital flows suggests that investors may be viewing Bitcoin as a modern hedge tool, rotating some defensive capital to cryptocurrencies to test its "digital gold" narrative.

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