---
title: "Gold vs Bitcoin: A relationship of mutual substitution?"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/263222229.md"
description: "Among the ETFs listed in the United States, the largest gold ETF GLD (yellow line) and the largest Bitcoin spot ETF IBIT (black line) show a reverse relationship in their capital flows, characterized by a \"one rises while the other falls\" pattern"
datetime: "2025-10-29T06:50:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263222229.md)
  - [en](https://longbridge.com/en/news/263222229.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263222229.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/263222229.md) | [English](https://longbridge.com/en/news/263222229.md)


# Gold vs Bitcoin: A relationship of mutual substitution?

Among the ETFs listed in the United States, the largest gold ETF GLD (yellow line) and the largest Bitcoin spot ETF IBIT (black line) show a reverse relationship of "one rises while the other falls" in their capital flows.

### 相關股票

- [SPDR Gold Shares (GLD.US)](https://longbridge.com/zh-HK/quote/GLD.US.md)
- [BTC/HKD (BTCHKD.VAHK)](https://longbridge.com/zh-HK/quote/BTCHKD.VAHK.md)
- [BTC/USD (BTCUSD.VAHK)](https://longbridge.com/zh-HK/quote/BTCUSD.VAHK.md)

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