Gold ETFs have surpassed Bitcoin funds in annual net inflows, signaling a shift towards safer assets as macroeconomic uncertainty looms. Over the past month, Bitcoin ETF flows have stagnated, while gold funds continue to attract capital, driven by investor anticipation of Federal Reserve policy decisions and India's regulatory considerations. The appeal of gold is further enhanced by its recent price increase, fueled by expectations of potential interest rate cuts by the Federal Reserve. Additionally, discussions in India about easing regulations on gold ETFs could further boost demand. This divergence in flows between gold and Bitcoin underscores a market balancing between risk-on and risk-off sentiments.