While Spot Bitcoin Exchange Fund yesterday recorded their biggest daily outing, investors, investors withdrew nearly a billion dollars, the FNB Spot Gold continue to see large entries, a potential windfall for cryptocurrencies with Golden back.
Last week, the FNB Gold supported by physics have seen their biggest weekly influx since March 2022, according to data from World Gold Council, which showed 52.4 tonnes, about $ 4.9 billion, the Most additional demand from North America.
In all, Gold ETF Holdings is 3,326 tonnes worth around 314 billion dollars, according to the group.
Despite some drops in recent days, gold is higher by 11% so far in 2025, 43% in annual sliding and currently negotiating $ 2,910 on the ounce. Among the reasons noted by analysts, there could be increasing geopolitical tensions and uncertainty surrounding threatened Trump prices.
Golden back cryptocurrencies, including Paxos Gold (Paxg) and Tether Gold (XAUT), which were designed to follow the price of metal, have thus surpassed the wider cryptography market which is higher by 26 % over one year on the other, measured by the Coindesk 20 index.
The demand for these tokens has also increased. Rwa.xyz data show that more than $ 25 million of tokens supported by raw materials have been struck this month, the biggest monthly volume since December 2022, while about $ 12 million has been burned.
With the gold demand that increases regularly, the offer seems to have barely changed. The data from the World Gold Council show that mining production in the fourth quarter of last year dropped approximately two tonnes during the previous quarter, while coverage and recycling increased. In total, the follow -up offer increased by around 1% from one year to the next.
