According to @KobeissiLetter, global gold ETF holdings rose by 27 tonnes on Friday, the largest daily increase since January 2022, and gold-backed ETFs gained 0.9% on the day, the biggest single-day percentage rise since 2022 (source: @KobeissiLetter). @KobeissiLetter also reports gold is on track for a sixth consecutive weekly gain, the longest streak since February, while daily options volume in the largest silver ETF, SLV, spiked to 1.2 million shares, the highest since April 2024 (source: @KobeissiLetter). For crypto traders, the World Gold Council reports gold’s long-term correlation with Bitcoin is low, indicating limited direct transmission from gold ETF flows to BTC price trends (source: World Gold Council, 2024).