Bitcoin ETFs Pull In $2.8B, Investors Rotate From AI to ‘Debasement Trade’ - iShares Bitcoin Trust (NASDA

Bitcoin ETFs are seeing a powerful resurgence as investors rotate toward hard assets, with U.S. spot Bitcoin ETFs attracting $2.8 billion over eight straight trading sessions, according to Decrypt, citing CoinGecko data.

The ETF inflow streak continues to reinforce demand for the asset near the $80,000 level.

BlackRock’s iShares Bitcoin Trust ETF (NASDAQ:IBIT) has captured most of the recent demand. Farside Investors data shows IBIT attracted about $2.02 billion, accounting for roughly 72% of the eight-session total.

Gold and Bitcoin challenge AI’s ETF dominance

The Bitcoin surge is part of a broader shift toward hard assets.

Bloomberg senior ETF analyst Eric Balchunas said gold and Bitcoin ETFs collectively attracted $7 billion in five days, calling it a record and arguing that the "debasement trade" is taking the spotlight from AI. SPDR Gold Trust (NYSE:GLD) and IBIT were both among the market’s top 10 funds by trading activity, according to Balchunas.

Last week, GLD attracted $3.4 billion in inflows, while IBIT added more than $1 billion. Meanwhile, the VanEck Semiconductor ETF (NASDAQ:SMH) shed $1.7 billion, suggesting some capital was rotating away from AI-linked funds toward gold and Bitcoin.