Bitcoin ETF inflows are off to a slow start in 2025, well below last year’s pace. Meanwhile, gold is pulling in more capital.
The difference? Investors have been in risk-off mode, and gold fits that narrative better.
But macro conditions are shifting. If financial conditions

The key is to watch the flows, momentum in Bitcoin often starts with capital rotation before price follows.
We’ve seen the recovery. If inflows keep up, Bitcoin is primed to break its all-time high.
Follow @ecoinometrics for more charts and insights on Bitcoin and macro.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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