Investors just moved a record $7 billion into gold and Bitcoin (BTC) funds in five days.
Bitwise CIO Matt Hougan blames a flaw in the 60/40 portfolio, which is 100% exposed to fiat currency
Bloomberg senior ETF analyst Eric Balchunas calls it the debasement trade, a bet on assets no government can print. This week, that bet pushed AI funds out of the headlines. Why the 60/40 Portfolio Is Suddenly Under Fire SPDR Gold Shares (GLD) took in $3.4 billion in the week through August 21.
BlackRock’s iShares Bitcoin Trust (IBIT) added just over $1 billion, data shows. Meanwhile, the VanEck Semiconductor ETF (SMH) bled $1.7 billion, more than any other fund. Money did not leave the market.