Gold ETFs Absorb Record Flows in 2025 as Bitcoin Trades 40% Below Its $126,198 Peak
Gold is quoted at $4,906/oz with macro desks continuing to pay for convexity in the traditional hedge, while Bitcoin changes hands at $72,639 after previously rebounding to $78,376. World Gold Council data for 2025 highlight 801 tonnes of global gold ETF inflows and a strong 420-tonne Q4 bar-and-coin demand, while CoinMarketCap shows BTC still about 40% under its $126,198 all-time high. Positioning shifts, rising margins on Comex metals and differing allocation mechanics help explain why gold is absorbing flows even as Bitcoin trades more like a high-beta liquidity asset.