Gold and Bitcoin ETFs Climb Volume Rankings as AI Trade Shows Signs of Cooling

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Gold and Bitcoin ETFs Climb Volume Rankings as AI Trade Shows Signs of Cooling

New data from Bloomberg Intelligence shows that two prominent exchange-traded funds—the SPDR Gold Shares (GLD) and the iShares Bitcoin Trust (IBIT)—have re-entered the top 10 list of most-traded ETFs by daily volume. This marks a notable shift from the summer months, when semiconductor and AI-focused funds dominated the upper rankings. According to senior ETF analyst Eric Balchunas, the movement suggests investors may be rotating some capital toward traditional and digital stores of value.

What the Volume Rankings Show

Balchunas highlighted the change in a recent post on social media platform X, noting that GLD and IBIT are once again among the ten most actively traded ETFs. During the summer, funds tied to the artificial intelligence boom—particularly those focused on semiconductor companies—held several spots in the top tier. Those funds still see significant trading activity, but their presence is no longer as overwhelming as before.

The shift is subtle but meaningful. While daily trading volume does not directly equate to net inflows, it reflects investor attention and short-term positioning. The return of gold and Bitcoin ETFs to the top ranks suggests a broadening of interest beyond the AI trade, with some market participants seeking assets that may act as hedges against currency debasement or inflation.