While Spot Bitcoin Exchange-Traded Funds yesterday recorded their biggest daily outflow ever as investors drew nearly $ 1 billion, Spot Gold ETF still sees great influxes, a potential blessing of gold-supported cryptocurrencies.
Physically supported gold-ETFs last week saw their biggest weekly influx since March 2022 according to data from World Gold Council, which showed influx of 52.4 tonnes or approx. 4.9 billion dollars, with most of the extra demand from North America.
In total, Gold ETF Holdings is 3,326 tonnes worth approx. $ 314 billion, according to the group.
Despite some falls in the last few days, gold is higher with just shy for 11% so far in 2025, 43% year-over-year and currently shopping for $ 2,910 per year. Ounce. Among the reasons that analysts have noticed could grow geopolitical tensions and uncertainty about endangered Trump Tariffs.
Gold -supported Cryptocurrencies, including Paxos Gold (PAXG) and Tether Gold (Xaut), which were designed to track the metal price, have thus surpassed the wider crypto market, which is higher by 26% the year before the goal of Coindesk 20 index.
The demand for these tokens has also risen. Data from Rwa.xyz shows that over $ 25 million value of raw material -baked tokens was embossed this month, the largest monthly volume since December 2022, while about $ 12 million was burned.
With the demand for gold rising steadily, the supply hardly seems to have changed. Data from World Gold Council shows that mining production in the fourth quarter last year fell by about two tonnes over the previous quarter, while covering and recycling grew. In total, the trail supply increased about 1% year-over year.
