#5月比特币ETF超黄金ETF流入 In May, the inflow of funds into Bitcoin ETF surpassed that of Gold ETF, and this phenomenon indeed indicates that Bitcoin may be gaining favor as a safe-haven asset to some extent. According to data from May 29, 2025, the US Bitcoin ETF attracted over $9 billion in inflows over the past five weeks, while the Gold ETF experienced outflows of over $2.8 billion. This data reflects that Bitcoin is seen as an effective hedging tool in the market, especially against the backdrop of easing trade tensions and rising macroeconomic uncertainty.

In addition, Bitcoin's price rose to a historic high of $111,980 in May, while gold, despite performing well this year, has decreased from its historical peak. Analysis indicates that this shift in capital flow may be related to Bitcoin's decentralized nature and its ability to resist risks in the financial system, especially in combating currency devaluation.

However, some analysts have pointed out that the volatility of Bitcoin remains a weakness in its role as a hedging asset. During macro shocks, Bitcoin has significantly dropped alongside other risk assets. Therefore, while Bitcoin is shedding its reputation as a tech-related risk asset, its status as a hedging asset still needs to be observed for stability and reliability in future market performance.

To sum up, the inflow of Bitcoin ETFs over gold-backed ETFs in May does reflect the rising trend of Bitcoin as a safe-haven fund, but it is still necessary to watch its long-term performance and changes in the market environment.