Bloomberg ETF Analyst: Bitcoin ETF May Follow Gold ETF's Rise and Recovery Path

Odaily Planet Daily News Bloomberg ETF analyst Eric Balchunas posted on X platform that the 22-year history of gold ETFs may provide a reference path for Bitcoin ETF investors. Both are packaged products of non-yield value storage assets that do not generate cash flow. Their performance is driven by investor sentiment, rather than profits, coupons, or government support in stocks and bonds. GLD once briefly became the world's largest ETF, then experienced an 8-year downturn before attempting to return to that position. Bitcoin ETFs may follow a similar path, including rises, pullbacks, and recoveries, and may test investors' patience. Eric Balchunas stated that gold ETFs have raised their historical highs in every cycle.