Bitcoin devotees plowed US$3 billion into ETFs as crypto surges

“Net spot ETF inflows, which are a barometer of institutional interest in bitcoin, have ramped up,” eToro Group Ltd.’s Simon Peters wrote. “With gold at record highs, could investors also be seeing bitcoin, dubbed as ‘digital-gold’ due to its similar scarcity characteristics, as a potential safe haven or alternative asset to invest in if economic uncertainties continue on?”