The capital inflow into gold ETFs reached its highest in three years as PAXG and XAUT excelled.

Gold-backed cryptocurrencies such as Paxos Gold (PAXG) and Tether Gold (XAUT) have increased by 24.15% and 23.7% respectively this year, reaching an all-time high of over $3,300, almost matching the performance of spot gold. However, their prices have slightly decreased to $3,265 and $3,244.

While gold-backed cryptocurrencies have surged this year, the broader cryptocurrency market is in a downtrend. Bitcoin has lost more than 11% of its value since the beginning of the year, while the cryptocurrency market as a whole has dropped over 30%.

Tokens, backed by physical gold and tracking its price, have seen value growth as investors seek refuge from the instability caused by the escalating US-China trade war.

This reflects a widespread return to gold as a safe-haven asset. In the first quarter of 2025, inflows into gold ETFs reached 226.5 tons, the highest level since early 2022, according to data from the World Gold Council. Nearly 60% of that demand came from North America.

Similarly, gold-backed cryptocurrencies have seen net token minting amounting to over 42.7 million USD in the first quarter of the year, according to data from RWA.xyz, which, along with the rise in gold prices, has pushed their total market capitalization close to 1.4 billion USD.

You can view the price of BTC here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions.

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Thach Sanh

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