Gold ETFs See Record $4.9 Billion Inflows in February, Amid Crypto Slide Driven by US Tech Stocks

Gold saw the largest four-week inflow into exchange-traded funds (ETFs) ever recorded in February, totaling $4.9 billion, according to data from Bank of America. This surge in investment into gold ETFs reflects a shift from previous outflows.
In contrast, the cryptocurrency market experienced a downturn, with Bitcoin and Ether extending their slide amid a broader sell-off in US equities, particularly in technology stocks. The decline in cryptocurrencies is attributed to fears over the US stock market.
Ether has been in a downtrend since December 2024, dropping more than 53% from its peak above $4,100. The cryptocurrency's struggles are linked to global uncertainties, including concerns about US import tariffs and the lack of new developments on the Ethereum network.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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