Bitcoin ETP Inflows Outpace Gold ETP in 2025 Amid Gold Rally, Says Bitwise MD Bradley Duke

Bitcoin ETP inflows have surpassed gold ETP inflows this year, according to Bitwise’s managing director Bradley Duke, who highlights a material shift in 2025 capital allocation. Despite gold’s continued price strength, demand for regulated cryptocurrency exposure via exchange-traded products has risen, signaling a broader reallocation toward digital assets within institutional portfolios.

Analysts say the trend points to deeper institutional adoption of crypto assets, as investors seek liquidity and governance through regulated vehicles. The evolving cryptocurrency market may use fund-flow data as a gauge of risk appetite and macro dynamics driving allocations to Bitcoin and related ETP strategies.