In July, global gold exchange-traded funds (ETFs) saw their largest inflows since April 2022, according to a report by Ernest Hoffman for Kitco News.
Data from the World Gold Council (WGC) revealed that gold-backed ETFs attracted $3.7 billion in new investment, marking the third consecutive month of positive inflows.
North American gold ETFs saw inflows of $2 billion, reversing earlier outflows due to safe-haven demand amid political uncertainty and expected monetary easing by the U.S. Federal Reserve. However, year-to-date, North American ETFs have seen outflows of $2.9 billion.
European funds added $1.2 billion, driven by declining bond yields and expectations of further monetary easing by the European Central Bank and the Bank of England, bringing European ETF assets to $103 billion.
Asian gold ETFs, led by India, continued their streak of inflows with $3.6 billion in 2024, bringing total assets to a record $15 billion.
Charles Schwab is preparing to roll out spot Bitcoin and Ethereum trading, according to CEO Rick Wurster during the firm’s latest earnings call.
BlackRock is seeking to enhance its iShares Ethereum Trust (ticker: ETHA) by incorporating staking features, according to a new filing with the U.S. Securities and Exchange Commission (SEC) submitted Thursday.
A new report from the International Monetary Fund (IMF) suggests that El Salvador’s recent Bitcoin accumulation may not stem from ongoing purchases, but rather from a reshuffling of assets across government-controlled wallets.
Sberbank, Russia’s largest state-owned bank, is preparing to launch custody services for digital assets, marking a significant expansion into the country’s evolving crypto landscape.