According to The Kobeissi Letter, US Gold ETF assets under management have exceeded $190 billion for the first time in history, with a surge of around $100 billion over the past two years. The most popular gold ETF, $GLD, has recently crossed a new milestone in assets. This significant inflow into gold ETFs suggests a strong investor pivot toward safe-haven assets, which may influence liquidity and risk appetite in the cryptocurrency markets, especially for Bitcoin (BTC) as traders compare gold and digital gold as hedges. Source: The Kobeissi Letter on Twitter, June 16, 2025.

According to Eric Balchunas, $GLD broke its one-day flow record with approximately $2 billion, reaching a total of $3.4 billion for the week. This indicates a significant shift as US ETF investors are showing increased interest in $GLD, which had been overshadowed by Bitcoin previously.