Gold ETFs Just Had Their Second-Biggest Month Ever With $18 Billion Inflow

Crypto Insight Summary: Global gold exchange-traded funds (ETFs) pulled in $18 billion in August, the second-largest monthly inflow on record, lifting collective holdings to an all-time high of 4,189 tonnes. The World Gold Council published the figures this week. Total assets under management (AUM) rose 16% month over month to $615 billion, helped by a higher gold price. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Gold ETF inflows signal risk-off sentiment but have limited direct impact on crypto markets.