Global gold ETFs have booked 27.1 tonnes of net inflows worth roughly $3.9 billion, extending their weekly winning streak to eleven. Total holdings now sit at an all-time high of 4,189 tonnes, with assets under management reaching $615 billion.
Gold ETFs have now posted eleven straight weeks of positive inflows, the latest week alone adding 27.1 tonnes of physical gold worth about $3.9 billion. That pushed total global holdings to an all-time high of 4,189 tonnes, with combined assets under management climbing to $615 billion.
The streak builds through August and September
August set the pace: global gold ETFs pulled in $18 billion that month, the second-largest monthly inflow on record, adding 121 tonnes to total holdings. September has kept the momentum going. Earlier in the month, the World Gold Council reported $4.24 billion in inflows during a single week, part of what was then a nine-week run of gains. That streak has since stretched to eleven.
SPDR Gold Shares, the largest US-listed physically backed gold ETF trading under the ticker GLD, and iShares Physical Gold ETC, a major vehicle for European investors, have led the buying. North America and Europe remain the primary regions driving demand. To put the scale in perspective, 4,189 tonnes is roughly equivalent to the entire official gold reserves of Germany and Italy combined.
Why the buying keeps coming
Gold ETFs work as a convenience wrapper around a traditional store of value: instead of buying and storing physical bars, investors hold shares backed by gold in secure vaults. The $615 billion in total assets under management now represents a meaningful slice of the broader ETF market, a figure that has grown both from new capital entering the funds and from gold's own price gains lifting the value of existing holdings.
Persistent inflows of this size create a self-reinforcing dynamic: as ETFs buy physical metal to back new shares, they add incremental demand to an already tight physical market. That demand, layered on top of central bank purchases and jewelry consumption, can support or push prices higher.
The risk runs both ways, however. Eleven weeks of inflows can reverse sharply if the catalysts behind safe-haven demand fade, and gold ETFs are liquid by design — exits can move just as fast as entries did.
Source: Crypto Briefing
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