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Record gold outflow ‘isn’t going into ripples’ — only Bitcoin, says fund manager – Cointelegraph

Gold outflows are rising as Bitcoin rallies due to increasing buyer demand from institutional investors

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The ongoing Bitcoin (BTC) rally has primarily been driven by institutions, analysts say, with metrics such as CMEs open interest and Grayscales assets under management (AUM), supporting this narrative. 
At the same time, the gold market has seen large outflows in recent weeks. On Nov. 24, independent financial researcher Jan Nieuwenhuijs reported that gold saw its largest weekly outflow in history.
Largest outflow from gold ever. pic.twitter.com/Re4o3PHrel
Jan Nieuwenhuijs (@JanGold_) November…

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