Large Investors Seem To Be Swapping (Some) Gold For Bitcoin

Large Investors Seem To Be Swapping (Some) Gold For Bitcoin
Stéphane Renevier, CFA

about 3 years ago1 min

Mentioned in story

  • Data from JPMorgan show that while inflows into gold exchange traded funds (ETFs) have slowed, inflows into the Grayscale Bitcoin Trust have picked-up.
  • The Grayscale Bitcoin Trust is an investment vehicle that allows investors to buy and sell shares in trusts holding large pools of bitcoin. With $6.5 billion of bitcoin assets, this is one of the largest in the world and makes the cryptocurrency accessible to large investors, such as family offices and very wealthy individuals.
  • While many institutional investors buy gold, they’ve historically been reluctant to touch bitcoin.
  • The chart suggests this may be changing, and that some large investors may have started to purchase bitcoin as an alternative to gold.
  • To the contrarian mind, this could also mean that bitcoin’s run has gotten ahead of itself...


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