# Fiscal Risk İlgili Makaleler

Bitcoin and Gold Funds Attract $7 Billion, 'Scarce Asset' Trading Makes a Comeback

Investors are pouring money into both gold and bitcoin, treating them as hedges against fiscal risks. Exchange-traded funds tracking these assets set net inflow records over the past five trading days, attracting a total of $7 billion, according to Bloomberg data. This places the largest gold and bitcoin ETFs among the top U.S. ETF inflows, alongside major equity products. The surge is driven by renewed concerns over the U.S. debt burden, dollar trajectory, and efforts to manage long-term bond yields. A direct trigger was a proposal from U.S. Treasury Secretary Beth Cent to at least double the size of long-term Treasury buybacks. Following the news, bond yields and the dollar fell, while gold and bitcoin prices rose sharply. SPDR Gold Shares (GLD) saw nearly $3.4 billion in net inflows this week, and iShares Bitcoin Trust ETF (IBIT) attracted $1.5 billion, both ranking in the top ten for U.S. ETF inflows. Investors are seeking assets with supply not easily manipulated by governments—gold constrained by nature and bitcoin capped by its code. In an environment of anticipated fiscal expansion and monetary easing, both assets share a similar pricing logic. Analysts note that with the era of falling interest rates potentially over and sovereign debt at record highs, holding scarce assets like bitcoin that cannot be easily inflated may benefit investors.

华尔街日报5 saat önce