Bloomberg Analyst Flags Bitcoin as Safe Haven as Gold ETFs See $3.8B Outflows

Gold spot ETFs such as GLD and IAU recorded about $3.8 billion in outflows over the last week, while Bitcoin investment products took in roughly $2 billion over the past few weeks. Bitcoin traded above $71,000 after a 0.3% gain in the last 24 hours, with traders watching support around $70,000–$70,500 amid elevated volatility.