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Gold ETF Inflows Hit Three-Year High as PAXG, XAUT Outperform Wider Crypto Market
Gold-backed cryptocurrencies like PAXG and XAUT rose significantly so far this year, mirroring a spike in ETF demand.
Updated Apr 14, 2025, 4:01 p.m. Published Apr 13, 2025, 7:20 p.m.
What to know:
- PAXG and XAUT are up more than 23% year-to-date, matching gold’s rally and outperforming the wider crypto market.
- Tokenized gold offers crypto investors exposure to real-world assets with blockchain-based liquidity.
- Demand for gold ETFs hit a three-year high in Q1, signaling a broader flight to safety
In this article
As traditional gold markets heat up, crypto investors are following suit—flocking to tokenized versions of the precious metal that offer both price exposure and digital flexibility.
Gold-backed cryptocurrencies like Paxos Gold (PAXG) and have risen 24.15% and 23.7% respectively year-to-date to new all-time highs above $3,300, roughly matching the performance of spot gold. Their prices have since receded slightly to $3,265 and $3,244, respectively.
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While gold-backed cryptocurrencies surged so far this year, the wider cryptocurrency market has been in a downtrend. Bitcoin (BTC) has lost more than 11% of its value so far this year, while the wider crypto market has fallen by a little over 30%, based on the CoinDesk 20 (CD20) index.
The tokens, which are backed by physical gold and track its price, experienced a surge in value as investors sought refuge from the uncertainty induced by the escalating U.S.-China trade war.
The move echoes a broader return to gold as a safe-haven asset. Inflows into gold ETFs hit 226.5 tonnes in the first quarter of 2025, 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 saw net token minting of over $42.7 million in the first quarter of the year, according to data from RWA.xyz, helping along with gold’s price appreciation raise their total market capitalization near $1.4 billion.
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Why is Bitcoin Trading Lower Today?
Market uncertainty persists due to internal Fed divisions and unclear future rate paths until 2026.
Bilinmesi gerekenler:
- Bitcoin and Ether prices fell following the Federal Reserve's rate cut and mixed signals about future monetary policy.
- The Fed's decision to purchase short-term Treasury bills aims to manage liquidity, not to implement quantitative easing.
- Market uncertainty persists due to internal Fed divisions and unclear future rate paths until 2026.
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