Global gold ETFs see $6.6B in April inflows, reversing March outflows
Crypto Briefing
Global gold ETFs rebounded in April, attracting $6.6 billion in inflows after experiencing significant outflows during the previous month.Summary
Global gold-backed exchange-traded funds (ETFs) experienced a significant recovery in April, recording $6.6 billion in net inflows after a $12 billion outflow in March. This reversal was supported by a weakening US dollar, lower oil prices, and sustained gold purchases by central banks. Despite a recent 16.5% correction from its peak, gold has seen substantial long-term growth. Additionally, traditional gold ETFs are seeing competition from tokenized assets, with Binance’s gold futures contracts reaching $100 billion in cumulative trading volume. Gold ETFs are currently attracting capital at a rate comparable to equity ETFs, which drew $7.1 billion in the same period.
(Source：Crypto Briefing)