Net Inflows Into Largest Gold ETF Surge Amidst Falling Stocks and Crypto Prices
Net inflows into SPDR Gold Shares surged to a new record of $1.63 billion, the highest since its listing in 2004. The surge of net inflows into one of the largest gold exchange-traded funds (ETFs) comes against a backdrop of falling cryptocurrency and stock values. Investors More Bullish on Gold One of the world’s largest gold ETFs, SPDR Gold Shares, recently recorded a net inflow of $1.63 billion, the highest since its listing in 2004, a report has said. Friday’s record inflow, which comes as stock and crypto prices have been tumbling, could be a sign that investors are....
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Institutional inflows into digital asset investment products based on Solana spiked last week, particularly as these investment products saw a 7th consecutive week of inflows. Digital asset investment products have had inflows since the end of September and throughout October, reflecting the bullish sentiment in the broader crypto market. As a result, inflows into Solana have increased steadily, and last week jumped by 15% compared to the week before. Solana Institutional Inflows Surge Solana has been on an incredible run recently and has had one of the best price gains this month.....
Gold-backed tokens are getting increasingly popular as a more accessible alternative to investing in physical gold. What is a gold-backed cryptocurrency?A gold-backed cryptocurrency is a type of digital currency that is backed by physical gold. The currency’s value is based on the current market price of gold and can be used for transactions just like any other type of cryptocurrency.Some cryptocurrencies are backed by gold in order to tie the derivative asset (crypto) to a tangible asset (gold), thereby preventing excessive fluctuations in price. Thus, gold-backed cryptocurrency is often....
Crypto funds have posted near-record inflows during recent weeks as the gold investment products shed liquidity. A new report from market data aggregator CoinShares has revealed recent surging crypto inflows amid record gold outflows.The report, published Dec. 7, notes that gold investment products have seen record outflows of $9.2 billion over the past four weeks, as BTC products saw inflows of $1.4 billion.The combined crypto fund sector saw record inflows of $429 million over the past two weeks, with Ethereum funds attracting significant investment following the completion of Eth2’s....
Gold, which most investors and traders consider as the world’s safe haven asset, may be banned by India in the upcoming months. India is one of the largest gold importers around the world, purchasing around 700 tons of gold per year. Experts state that the demand for gold in India is higher than most assets and reserve currencies, arguably making gold the most valuable asset in the country. However, reports suggest that the government may be planning a ban on the importation of gold, as gold premiums reached two year highs this month. Chirag Thakkar, a director with Amrapali Group noted:....