IBIT surged 23% and GLD rose 5% over the past week amid concerns over fiscal strain and dollar depreciation.
Gold and Bitcoin extended gains as investors flocked to assets perceived as hedges against dollar debasement. The iShares Bitcoin Trust ETF (IBIT) climbed 22.57% from $36.42 to $44.64 over the past week, while the SPDR Gold Trust (GLD) rose 5.23% from $405.49 to $426.69.
Year-to-date, GLD is up 7.67%, contrasting with IBIT’s 10.09% decline. The divergence highlights shifting sentiment, though both assets remain tied to macroeconomic concerns over fiscal deficits and monetary expansion.
On the latest session, GLD dipped 0.36% to $425.16, while IBIT gained 0.67% to $44.94, signaling mixed intraday momentum ahead of Fed commentary at Jackson Hole.