- In North America, SPDR® Gold Shares (+US$871mn, +13t) and SPDR® Gold MiniShares® (US$207mn, +3t) led inflows while iShares Gold Trust Micro (-US$32mn, -0.5t) lost the most
- In Europe, UK’s Invesco Physical Gold ETC (+US$769mn, +12t) continued to dominate the region’s inflows; on the other hand, Gold Bullion Securities (-US$521mn, -8t) – also in the UK – and Invesco Physical Gold EUR Hedged ETC (-US$338mn, -6t) in Germany led outflows
- In Asia, Japan Physical Gold ETF added US$38mn (+0.6t), topping others, while China’s Huaan Yifu Gold ETF (-US$31mn, -0.5t) saw the largest outflow
- In the Other region, Istanbul Gold Exchange Traded Fund (+US$13mn, +0.2t) once again led inflows.
- Continued inflows in recent months have pushed global gold ETF total holdings to the highest since October 2022, 11% lower than their record high of 3,919t in October 2020
- Total tonnage holdings of North American funds reached their highest since September 2022
- Following another net inflow during May (+US$1.6bn, +23t), low-cost gold ETF y-t-d flows also turned positive (+US$1.4bn, +17t), with European funds contributing the most.10