While spot bitcoin exchange-traded funds yesterday registered their largest-ever daily outflow as investors pulled out nearly $1 billion, spot gold ETFs continue to see large inflows, a potential boon for gold-backed cryptocurrencies.
Physically-backed gold ETFs last week saw their largest weekly inflow since March 2022, according to data from the World Gold Council, which showed inflows of 52.4 tons, or roughly $4.9 billion, with most of the added demand coming from North America.
In all, gold ETF holdings are at 3,326 tons worth roughly $314 billion, according to the group.
Despite some declines over the past few days, gold is higher by just shy of 11% so far in 2025, 43% year-over-year and currently trading at $2,910 per ounce. Among the reasons noted by analysts could be growing geopolitical tensions and uncertainty surrounding threatened Trump tariffs.
Gold-backed cryptocurrencies,…
