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Bitcoin ETF May Replay Gold ETF's Boom-Bust Cycle, Says Bloomberg Analyst Balchunas

2026-07-17 13:30:06

BTC-0.42%

GLD0.84%

According to a report from Bloomberg ETF analyst Eric Balchunas on July 17, bitcoin and gold ETFs may follow similar trajectories over their lifecycles. Both are packaged products around yield-free assets with no dividends, interest payments, or government backing, making their prices primarily sentiment-driven. Balchunas noted that gold ETF leader GLD once became the world's largest ETF before entering a roughly eight-year consolidation period. He suggests bitcoin ETFs could similarly experience cycles of rapid rises, sharp pullbacks, and prolonged recoveries, with cycle peaks potentially rising over time.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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