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Bitcoin ETF IBIT could mirror gold ETF GLD's gains and painful crashes, says Bloomberg analyst
Bloomberg ETF analyst Eric Balchunas compared the iShares Bitcoin Trust (IBIT) to the gold ETF GLD, noting that IBIT crossed $100 billion in assets faster than GLD ever did. Balchunas warned that bitcoin ETFs could replicate gold's trajectory — including its spectacular gains in 2011 followed by steep and painful drawdowns. The comparison highlights both the upside potential and the significant downside risk for bitcoin ETF investors.
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