Whereas spot bitcoin exchange-traded funds yesterday registered their largest-ever day by day outflow as traders pulled out almost $1 billion, spot gold ETFs proceed to see giant inflows, a possible boon for gold-backed cryptocurrencies.
Bodily-backed gold ETFs final week noticed their largest weekly influx since March 2022, in line with knowledge from the World Gold Council, which confirmed inflows of 52.4 tons, or roughly $4.9 billion, with many of the added demand coming from North America.
In all, gold ETF holdings are at 3,326 tons price roughly $314 billion, in line with the group.
Gold ETF demand and value (World Gold Council)
Regardless of some declines over the previous few days, gold is larger by simply shy of 11% to this point in 2025, 43% year-over-year and at present buying and selling at $2,910 per ounce. Among the many causes famous by analysts could possibly be rising geopolitical tensions and uncertainty surrounding threatened Trump tariffs.
Gold-backed cryptocurrencies, together with Paxos gold (PAXG) and Tether gold (XAUT), which had been designed to trace the steel’s value, have thusly outperformed the broader crypto market which is larger by 26% year-over-year as measured by the CoinDesk 20 Index.
Demand for these tokens has risen as nicely. Information from RWA.xyz exhibits that over $25 million price of commodity-backed tokens had been minted this month, the most important month-to-month quantity since December 2022, whereas round $12 million had been burned.
With demand for gold rising steadily, provide appears to have barely been altering. Information from the World Gold Council exhibits that mining manufacturing within the fourth quarter of final 12 months dropped by round two tons over the earlier quarter, whereas hedging and recycling grew. In whole, tracked provide rose round 1% year-over-year.
