Bloomberg analysts: Bitcoin ETFs attracted another $500 million in a single day, rising 12% since the Middle East conflict began.

Eric Balchunas, a senior ETF analyst at Bloomberg, wrote on the X platform that Bitcoin ETFs attracted another $500 million in inflows in a single day, with 10 out of 11 US Bitcoin ETFs being particularly popular with investors. Furthermore, since the escalation of the Middle East conflict, Bitcoin has risen by approximately 12%, while gold has declined during the same period. This performance has sparked discussion about the safe-haven attributes of both, as it is relatively rare for Bitcoin to strengthen while gold falls. This has led some investors to reconsider the roles of traditional "safe-haven assets" and "digital gold." Does this mean that gold has failed to play its safe-haven role in the current environment, or conversely, that Bitcoin is gradually assuming some of the functions of a safe-haven asset? However, long-term market disagreements remain. Some analysts believe that gold remains the primary safe-haven asset during traditional crises, while Bitcoin's market performance is often more volatile.