Record gold outflow 'isn't going into ripples' — only Bitcoin, says fund manager
Gold outflows are rising as Bitcoin rallies due to heightened buyer demand from institutional investors. The ongoing Bitcoin (BTC) rally has primarily been driven by institutions, analysts say, with metrics such as CME’s open interest and Grayscale’s assets under management (AUM), supporting this narrative. At the same time, the gold market has seen large outflows in recent weeks. On Nov. 24, independent financial researcher Jan Nieuwenhuijs reported that gold saw its largest weekly outflow in history.Largest outflow from gold ever. pic.twitter.com/Re4o3PHrel— Jan Nieuwenhuijs....
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