Bloomberg ETF analyst Eric Balchunas said the past 22 years of gold ETF performance may provide an important reference for Bitcoin ETFs. According to ChainCatcher, he noted that both gold and Bitcoin ETFs are wrapped products built around non-yielding assets, with prices driven largely by investor sentiment rather than dividends, coupon payments, or government backing.
Balchunas pointed to GLD, the leading gold ETF, which once became the world’s largest ETF before entering a roughly eight-year period of weak consolidation. He said each cycle still produced higher peaks, and argued Bitcoin ETFs could follow a similar pattern of rapid gains, sharp pullbacks, and a long recovery, with cycle highs gradually moving higher.
Eric Balchunas Says Gold ETF History May Offer a Template for Bitcoin ETFs
2026-07-17 13:33:58
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