Gold ETFs drew $18 billion in August, assets hit $615 billion
- —Net inflow into gold ETFs in August was $18 billion, with assets rising to $615 billion
- —Gold ETF holdings reached an all-time high of 4,189 tonnes
- —China added 11 tonnes to ETFs and 20.2 tonnes to central bank reserves, to 2,387 tonnes
- —The 90-day gold-bitcoin correlation is the highest since 2020
Why it matters: The rising gold-BTC correlation shows investors see them as a single hedge against macro risks rather than competing assets.
Source: TokenPost