Source: Cointelegraph Original: "{title}"
According to data from Bloomberg Intelligence, traders are adopting starkly contrasting ETF strategies to cope with one of the most unpredictable financial markets in recent years.
Data shows that year-to-date, record inflows have been seen in ETFs, including those providing leveraged long exposure to volatile assets such as stocks and cryptocurrencies, as well as funds holding risk-averse assets like cash and gold.
Bloomberg Intelligence analyst Eric Balchunas stated in an April 23 post on the X platform: "Basically, leveraged long ETFs and cash, gold ETFs have both seen record inflows as people buy the dip while hedging the dip. May the strongest 'gamblers' win!"
Leveraged ETFs are funds designed to amplify the daily performance of assets like stocks or cryptocurrencies, typically by two to three times.
According to Bloomberg Intelligence data, in 2025, leveraged long ETFs attracted about $6 billion in net inflows. Meanwhile, inflows into cash and gold funds approached $4 billion.
Digital Gold?
The record inflows occurred against a backdrop of increased market volatility, following U.S. President Trump's announcement on April 2 of a broad tariff plan on U.S. imports.
Since then, the S&P 500 index (which measures the stocks of large U.S. companies) has dropped about 5%, according to Google Finance. Meanwhile, Bitcoin has shown relative resilience.
On April 22, the spot price of this cryptocurrency first broke $90,000 in six weeks, while inflows into Bitcoin ETFs approached $1 billion. According to Google Finance, as of April 23, Bitcoin was trading above $93,000.
The world's largest cryptocurrency exchange, Binance, stated in its April research report: "Even after the recent tariff announcement, Bitcoin has shown some resilience, steadily rising or rebounding when traditional risk assets falter."
Bitcoin is often referred to as "digital gold," but the correlation of this cryptocurrency with gold, a safe-haven asset, remains weak, resembling more of a correlation with the stock market. Binance noted that Bitcoin's correlation with gold averaged 0.12 over the past 90 days, while its correlation with stocks was 0.32.
The report pointed out: "The key question is whether Bitcoin can return to its long-standing pattern of low correlation with stocks." The report also added that gold remains the preferred safe-haven asset for most investors.
Meanwhile, cryptocurrency exchanges are profiting from increased trading in financial derivatives such as futures, leveraging market volatility.
According to Coinalyze data, in April, the net open contracts for Bitcoin futures increased by over 30%, reaching approximately $28 billion.
Related: Coinbase Executive: Sovereign Wealth Funds are Making a Big Move into Bitcoin (BTC), While Retail Investors are Exiting.
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