Peter Schiff criticizes Bitcoin ETFs, saying they underperform gold ETFs, with net outflows for Bitcoin.

From Investing.com

September 5, 2024 03:30:20 PM:

Well-known financial expert Peter Schiff criticizes Bitcoin ETFs, highlighting their underperformance compared to gold ETFs. Bitcoin ETFs have only seen modest gains, while gold ETFs have surged over 24%. Schiff argues that investors are making a mistake by favoring Bitcoin ETFs due to their flawed nature. Spot Bitcoin ETFs continue to see net outflows, with Grayscale’s GBTC ETF experiencing historical total net outflows of $19.94 billion. On the other hand, Bitwise ETF BITB managed to attract a net inflow of $9.46 million on Sept. 4.

Read more at Investing.com: Peter Schiff Trashes Bitcoin ETF Hype By U.Today