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Investors pull back from bitcoin and gold ETFs as Iran-US tensions ease, signaling end of inflation hedge trade.

Market News
28 May 2026
Crypto Briefing
View Source
Bearish
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Investors are retreating from the "debasement trade," which involves buying scarce assets like bitcoin and gold to hedge against inflation and geopolitical risks. This shift follows easing tensions between Iran and the US, reducing demand for these inflation-hedging assets. Bitcoin and gold ETFs experienced significant outflows in May, with bitcoin ETFs alone seeing weekly outflows exceeding $1 billion. This marks a rapid reversal from earlier in 2026 when inflows indicated strong institutional interest in these assets as safe havens. The trend suggests a broader pullback from the fear-driven investment strategy rather than a simple reshuffling within it.

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