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.