Bitcoin ETFs Draw $167M Inflows as Gold ETFs Face Record Capital Outflows

US spot Bitcoin ETFs recorded net inflows of $167 million on March 23, marking a significant reversal in market sentiment. This positive movement effectively ended a three-day streak of net outflows, signaling renewed institutional interest and dip-buying activity. Concurrently, traditional safe-haven assets faced pressure as the SPDR Gold Shares (GLD) posted record monthly outflows. Technical data reveals that the correlation between Bitcoin and gold reached a three-year low in March, highlighting a significant divergence in asset performance. Analysts interpret this decoupling as a technical signal that Bitcoin may have already formed a market bottom. This trend underscores the strengthening institutional confidence in spot crypto products as investors increasingly rotate capital from traditional commodities into digital assets.

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