While the funds quoted in the Bitcoin Spot stock market yesterday registered their largest daily exit, since investors took almost $ 1 billion, the ETF Spot Gold continue to see large tickets, a possible blessing for cryptocurrencies backed by gold.
Last week, ETF of gold physically backed by its largest weekly entry since March 2022, according to data from the World Golden Council, which showed tickets of 52.4 tons, or approximately $ 4.9 billion, and most of the additional demand It came from North America.
In total, Golden ETF holdings are 3,326 tons worth approximately $ 314 billion, according to the group.
Despite some decreases in recent days, gold is higher by 11% so far in 2025, 43% year after year and currently quotes at $ 2,910 per ounce. Among the reasons observed by analysts could be geopolitical tensions and uncertainty about Trump rates threatened.
Cryptocurrencies backed by gold, including Gold Paxos (Paxg) and Tether Gold (Xaut), which were designed to track the price of metal, have surpassed the largest cryptographic market that is higher in 26% year after year as measured by the Coendesk 20 Index.
The demand for these tokens has also increased. Rwa.xyz data show that more than $ 25 million in tokens backed by basic products were coined this month, the largest monthly volume since December 2022, while around $ 12 million were burned.
With the demand for gold by increasing constantly, the offer seems just to have changed. The data of the Gold Council World Cup show that mining production in the fourth quarter of last year fell around two tons during the previous quarter, while coverage and recycling grew. In total, the tracked supply increased around 1% year after year.
