Physically backed gold ETFs worldwide recorded $18 billion in inflows during August, the second-largest monthly total ever, pushing global holdings to…
- Global physically backed gold ETFs experienced record inflows of $18 billion in August, pushing total holdings to 4,189 tonnes and assets under management to $615 billion, driven by concerns over U.S. government debt.
- The People's Bank of China continued its significant gold accumulation, adding 20.2 tonnes to its reserves, while European and North American funds led regional inflows.
- Despite strong performance, Bitcoin ETFs attracted a smaller $3.52 billion in August, highlighting the substantial difference in market size and investor perception between gold and Bitcoin as store-of-value assets.
Topics: Asset types, Institutional adoption, Market cycles macro sensitivity, Alternative assets, Asset manager initiatives, Interest rate sensitivity, Inflation recession impact
Tags: #goldetf #inflows #recordholdings #peoplesbankofchina #safehavenasset #usgovernmentdebt #treasurymarket #bitcoinetf #institutionalinvestors #reserveasset
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