Investors are no longer choosing between gold and Bitcoin as hedges against fiscal anxiety. They’re buying both. Exchange-traded funds tracking the assets attracted a record $7 billion over the past five trading days, according to data compiled by Bloomberg, putting some of the biggest gold and Bitcoin vehicles alongside the stock-market giants at the top of the ETF flow rankings.

This surge in demand reflects a growing trend of diversifying into scarce assets amid economic uncertainty. The simultaneous inflow into both gold and Bitcoin ETFs suggests that investors view them as complementary rather than competing stores of value.

The data, compiled by Bloomberg, highlights the significant scale of these investments. Some of the largest funds in this category are now competing with major stock-market ETFs in terms of capital inflows.

This development underscores the evolving landscape of investment strategies as market participants seek protection against fiscal instability and currency debasement.