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Gold ETF hoardings reach peak of 3,639 tonnes, not seen since August 2022 according to WGC

Rapid Increase in Gold-Backed Exchange-Traded Funds: World Gold Council Report Reveals Unprecedented Growth to 3,639 Tonnes and $386 Billion in Assets

Gold exchange-traded fund (ETF) holdings globally reach a peak of 3,639 tonnes, last seen in August...
Gold exchange-traded fund (ETF) holdings globally reach a peak of 3,639 tonnes, last seen in August 2022, according to the World Gold Council (WGC).

Gold ETF hoardings reach peak of 3,639 tonnes, not seen since August 2022 according to WGC

In the world of investment, August 2025 marked a significant milestone as global gold Exchange-Traded Funds (ETFs) reached a record high of 3,642 tonnes in physical gold holdings[1]. This is the largest month-end accumulation of gold ETFs since August 2022[3].

The growth has been driven by persistent inflows totaling $43.6 billion year-to-date, positioning 2025 to surpass the previous record inflows of $49.5 billion set in 2020[1]. These inflows have been powered largely by safe-haven demand amid geopolitical tensions and U.S. policy uncertainty, which has fueled strong rallying gold prices[1][3].

In July alone, global gold ETFs added 23 tons, while total assets under management reached a new high of $386 billion, up 1% from June, alongside a 2.3% increase in overall gold market trading volumes[3]. Gold prices hovered near record highs due to these inflows and macroeconomic uncertainties[4][5].

Notable gold ETFs with physical gold backing, such as SPDR Gold Shares (GLD), iShares Gold Trust (IAU), and SPDR Gold MiniShares Trust (GLDM), have seen significant inflows. However, it's worth mentioning that GLDM saw a rare outflow reflecting leveraged exposure risk[1][2].

Geographic diversification has been a key trend, with North America remaining a major contributor with approximately $24 billion in inflows, followed by significant European and Asian demand, notably from China ($7.8 billion)[1].

The report does not indicate any predictions or forecasts about future gold prices or gold ETF holdings. It's also important to note that the report does not provide information about specific countries or regions regarding these gold ETFs for August 2025. Additionally, the report does not provide information about the performance of individual gold ETFs within the overall total for August 2025.

The report was published on August 19, 2025. As gold prices continue to rise, gaining nearly 41% in USD terms from August 2024 to August 2025, it will be interesting to see how these trends continue to evolve in the coming months.

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