After experiencing a wave of rises in the summer, gold funds have returned to the spotlight, with their cumulative capital inflows surpassing Bitcoin ETF, reclaiming the market leadership position. Bloomberg data shows that the net inflow into gold ETF is approximately $25.1 billion, while Bitcoin-related funds amount to $18.9 billion. Meanwhile, leading stablecoin issuer Tether is actively laying out the entire gold industry chain using its substantial profits, from acquiring shares in gold mining companies to exploring cooperation with more mining groups, marking a deep integration of the Crypto Assets world with traditional safe-haven assets.
Gold funds surpass Bitcoin ETF, reclaiming the top spot for fund inflows
Gold funds are back in the spotlight, and after the summer rebound reshaped the rankings, their cumulative inflows have now surpassed those of Bitcoin ETFs. Data shared by Bloomberg senior ETF analyst Eric Balchunas shows that the current net inflows for gold ETFs amount to approximately $25.1 billion, while net inflows for Bitcoin-related funds stand at $18.9 billion.
At the beginning of this year, Bitcoin once dominated the flow of funds and briefly surpassed gold in early 2025. However, with the return of traditional safe-haven demand, this momentum reversed again, and gold-related products reclaimed the top spot. Analysts point out that although crypto ETFs continue to perform strongly, this battle for dominance highlights the cyclical nature of investor preferences.
The momentum for gold is boosted by SPDR Gold Shares (GLD) and its low-cost version GLDM, which occupied the top two positions in weekly ETF fund flows. This is a rare combination for a flagship fund and its cheaper version. In the past week, these two products attracted over $4 billion in new assets combined, which is a rare feat in the ETF world.
However, Bitcoin ETFs are far from over. With nearly $19 billion in cumulative inflows, they remain one of the fastest-growing asset classes of all time. Balchunas firmly believes that crypto funds could eventually reach three times the total amount of gold, but he also warns that this growth will take time and will not happen overnight.
Tether actively布局黄金产业，seeking investment in the entire supply chain
The conversation is split into two parts. The giant in the encryption industry and leader in stablecoins, Tether, also sensed the opportunity early on and began to increase its bets on the gold business.
According to the Financial Times of the UK on Thursday, Tether is exploring investments in the gold industry, covering a range of areas from mining and refining to trading and royalty companies. The leading stablecoin company that issues the gold-backed stablecoin XAUt is said to have engaged with several mining and investment groups regarding investment opportunities. One of them is the gold mining investment company Terranova Resources, located in the British Virgin Islands, although no agreement has been reached between the two parties.
Before this negotiation, Tether had spent approximately $82 million to acquire nearly 38% of the initial stake in Elemental Altus Royalties Corp., a gold royalty company listed in Toronto. The deal was completed in June through the purchase of shares from existing shareholders, including La Mancha Investments. After the acquisition, Tether obtained the right to increase its ownership to over 50%. The report stated that the company has negotiated with several royalty companies and is considering more transactions, including increasing its stake in Elemental Altus.
Strategic Considerations: From "Digital Gold" to "Natural Bitcoin"
In fact, Tether CEO Paolo Ardoino is a firm supporter of gold himself. He has publicly expressed confidence in the fundamentals of gold, calling it a safer and more reliable asset than any national currency. At the Bitcoin conference in 2025, Ardoino referred to gold as "natural Bitcoin" and stated that although many Bitcoin enthusiasts consider Bitcoin to be "digital gold," he personally prefers to view gold as the "natural Bitcoin."
Tether currently holds $8.7 billion worth of gold, stored in a vault in Zurich as collateral for one of its stablecoins. According to CMC data, the company also issues USDT, which is the largest dollar-pegged stablecoin with a market capitalization of approximately $168 billion.
Profitable Ventures and Investment Examples: Tether's Golden Landscape
The company recently reported that its net profit for the second quarter of this year reached $4.9 billion, due to gains from Bitcoin and gold. Gold reached $3,300 in April and recently set a new high of over $3,500. Tether's investment initiatives indicate that, as a company with significant influence in the crypto world, it is actively reallocating part of its substantial profits from the digital asset sector to traditional physical assets, aiming for portfolio diversification and long-term stable growth.
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Gold is back in the spotlight! Fund inflows surpass Bitcoin ETF to reclaim the top spot, Tether actively布局.
After experiencing a wave of rises in the summer, gold funds have returned to the spotlight, with their cumulative capital inflows surpassing Bitcoin ETF, reclaiming the market leadership position. Bloomberg data shows that the net inflow into gold ETF is approximately $25.1 billion, while Bitcoin-related funds amount to $18.9 billion. Meanwhile, leading stablecoin issuer Tether is actively laying out the entire gold industry chain using its substantial profits, from acquiring shares in gold mining companies to exploring cooperation with more mining groups, marking a deep integration of the Crypto Assets world with traditional safe-haven assets.
Gold funds surpass Bitcoin ETF, reclaiming the top spot for fund inflows
Gold funds are back in the spotlight, and after the summer rebound reshaped the rankings, their cumulative inflows have now surpassed those of Bitcoin ETFs. Data shared by Bloomberg senior ETF analyst Eric Balchunas shows that the current net inflows for gold ETFs amount to approximately $25.1 billion, while net inflows for Bitcoin-related funds stand at $18.9 billion.
At the beginning of this year, Bitcoin once dominated the flow of funds and briefly surpassed gold in early 2025. However, with the return of traditional safe-haven demand, this momentum reversed again, and gold-related products reclaimed the top spot. Analysts point out that although crypto ETFs continue to perform strongly, this battle for dominance highlights the cyclical nature of investor preferences.
The momentum for gold is boosted by SPDR Gold Shares (GLD) and its low-cost version GLDM, which occupied the top two positions in weekly ETF fund flows. This is a rare combination for a flagship fund and its cheaper version. In the past week, these two products attracted over $4 billion in new assets combined, which is a rare feat in the ETF world.
However, Bitcoin ETFs are far from over. With nearly $19 billion in cumulative inflows, they remain one of the fastest-growing asset classes of all time. Balchunas firmly believes that crypto funds could eventually reach three times the total amount of gold, but he also warns that this growth will take time and will not happen overnight.
Tether actively布局黄金产业，seeking investment in the entire supply chain
The conversation is split into two parts. The giant in the encryption industry and leader in stablecoins, Tether, also sensed the opportunity early on and began to increase its bets on the gold business.
According to the Financial Times of the UK on Thursday, Tether is exploring investments in the gold industry, covering a range of areas from mining and refining to trading and royalty companies. The leading stablecoin company that issues the gold-backed stablecoin XAUt is said to have engaged with several mining and investment groups regarding investment opportunities. One of them is the gold mining investment company Terranova Resources, located in the British Virgin Islands, although no agreement has been reached between the two parties.
Before this negotiation, Tether had spent approximately $82 million to acquire nearly 38% of the initial stake in Elemental Altus Royalties Corp., a gold royalty company listed in Toronto. The deal was completed in June through the purchase of shares from existing shareholders, including La Mancha Investments. After the acquisition, Tether obtained the right to increase its ownership to over 50%. The report stated that the company has negotiated with several royalty companies and is considering more transactions, including increasing its stake in Elemental Altus.
Strategic Considerations: From "Digital Gold" to "Natural Bitcoin"
In fact, Tether CEO Paolo Ardoino is a firm supporter of gold himself. He has publicly expressed confidence in the fundamentals of gold, calling it a safer and more reliable asset than any national currency. At the Bitcoin conference in 2025, Ardoino referred to gold as "natural Bitcoin" and stated that although many Bitcoin enthusiasts consider Bitcoin to be "digital gold," he personally prefers to view gold as the "natural Bitcoin."
Tether currently holds $8.7 billion worth of gold, stored in a vault in Zurich as collateral for one of its stablecoins. According to CMC data, the company also issues USDT, which is the largest dollar-pegged stablecoin with a market capitalization of approximately $168 billion.
Profitable Ventures and Investment Examples: Tether's Golden Landscape
The company recently reported that its net profit for the second quarter of this year reached $4.9 billion, due to gains from Bitcoin and gold. Gold reached $3,300 in April and recently set a new high of over $3,500. Tether's investment initiatives indicate that, as a company with significant influence in the crypto world, it is actively reallocating part of its substantial profits from the digital asset sector to traditional physical assets, aiming for portfolio diversification and long-term stable growth.