Hupzy (Spot On Chain)|Aug 11, 2026 14:16
๐ Gold ETF GLD drew $๐ญ.๐ฐ๐ ๐ถ๐ป ๐๐๐ด๐๐๐ inflows โ on track for its first monthly inflow since February, breaking a five-month outflow streak. Wednesday alone saw $637M, the largest single-day since June 18, with retail participation doubling to $50M.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: A structural inflection in gold demand after five months of outflows is a ๐ฟ๐ถ๐๐ธ-๐ผ๐ณ๐ณ ๐๐ถ๐ด๐ป๐ฎ๐น worth tracking alongside the Iran energy shock and Treasury yields above 5.20%. Sustained gold ETF inflows typically reflect de-risking โ watch whether BTC trades as a risk asset (correlating lower) or decouples as an inflation hedge.
source: KobeissiLetter
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