Bitcoin, Entered The Lineup Of 'Safe Assets' Alongside Gold…Common Trajectory Created By ETF

There is an analysis that Bitcoin is walking on the path of a 'Safe asset' similar to Gold in an uncertain market environment. Gold, representative of physical assets, and Bitcoin, the epitome of digital assets, are said to be following a similar investment trend with the introduction of Exchange Traded Funds (ETF).

Gold has risen approximately 22% this year, surpassing $3,500 per ounce and reaching an all-time high, and has been maintaining stable momentum at the $3,300 level since then. Experts believe that Gold ETFs have greatly contributed to this rise. In fact, since the first listing of a Gold ETF in the United States in 2004, Gold prices have more than doubled in five years, far exceeding the previous four years' increase.

Bitcoin is also showing a similar trend. Since the Bitcoin spot ETF was approved in the United States last January, the Price of BTC has risen about 128%. This figure surpasses the 113% increase rate of the year before the ETF introduction, and is evaluated as having driven the price increase as institutional funds flowed in in earnest. Especially since April, when market uncertainty has expanded due to President Trump's tariff policy, large-scale capital inflows have followed into Bitcoin spot ETFs. On April 22 alone, approximately 936 million dollars flowed in, marking the largest scale since the ETF approval.

This capital inflow, led by major asset management firms such as BlackRock and Fidelity, has further solidified Bitcoin's market stance. Moreover, the recent correlation between the prices of Gold and Bitcoin has reached 0.65 to 0.70, suggesting that investors perceive the two assets as similar alternative assets.

Of course, there is still criticism that Bitcoin is difficult to be considered a 'Complete safe asset' in the traditional sense due to its high price volatility and linkage with the stock market. However, it is clear that the trend of stability has gradually improved, with trading within the framework of an ETF, reducing the decline and accelerating the rebound.

The decisive difference between Gold and Bitcoin still lies in the 'Holding entities'. While Gold is strategically stocked by central banks of various countries, official national holdings of Bitcoin are rare. However, since President Trump signed an executive order for the accumulation of digital assets last March, indications of change in this aspect have been detected as the possibility of Bitcoin holdings by some countries, including the United States, has been raised.

Nishiyama Shoji, an analyst at ExBank, said, “The nature of an asset changes depending on who holds it,” adding, “If national-level Bitcoin accumulation becomes full-scale, Bitcoin can have a status as a strategic safe asset beyond a simple risk asset.”