Gold exchange-traded funds (ETFs) in the U.S. have reclaimed their lead in assets under management as Bitcoin ETFs face declines amid market volatility. Gold ETFs now manage nearly $150 billion, while Bitcoin ETFs have around $93 billion. The resurgence of gold is attributed to its status as a safe-haven asset, especially in light of economic uncertainties and the recent slump in Bitcoin prices, which peaked at nearly $109,000 in January but fell to around $84,000 due to macroeconomic pressures and concerns about government policies. Analysts note that while Bitcoin has characteristics of a safe haven, it behaves more like a risk asset, leading to increased outflows from Bitcoin ETFs. In contrast, gold is perceived as a hedge against inflation and economic turbulence. Despite gold's current dominance, some experts believe that Bitcoin could still retain its appeal for investors looking for speculative opportunities in the long run.

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