Gold ETF inflows hit a 2-year record high
2025-06-30 12:40:57
Main Idea
Gold ETF holdings have surged to their highest level since 2023, reversing a four-year outflow trend, while the Bloomberg Galaxy Crypto Index stagnates, indicating shifting investor preferences towards gold as a safe-haven asset.
Key Points
1. Gold ETF holdings surpassed 104.7 metric tonnes as of June 27, 2025, marking the highest level since 2023 and ending four years of consistent outflows.
2. The Bloomberg Galaxy Crypto Index (BGCI) stagnated near levels last seen in early 2021, signaling waning investor enthusiasm for cryptocurrencies.
3. Gold is reclaiming its traditional safe-haven status amid macroeconomic recalibration and receding COVID-era stimulus liquidity.
4. Some analysts warn that gold could reach $5,000 if global economic dynamics shift, highlighting its perceived stability compared to cryptocurrencies.
5. The shift in investor preference towards gold ETFs contrasts with the speculative frenzy that previously fueled crypto markets.
Description
Total known holdings in gold exchange-traded funds ( ETFs ) have surged to their highest level since 2023, breaking a four-year streak of consistent outflows. This renewed investor appetite for gold comes as the Bloomberg Galaxy Crypto Index (BGCI) stagnates near levels last seen in early 2021. Notably, this divergence is raising concerns about crypto’s ability to reclaim its leadership in the risk-asset space, according to Bloomberg Intelligence senior commodity strategist Mike McGlone. In a Ju...
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