2025 ETF Inflows Are Recognition of the Golden Bull

Gold ETFs have been plagued by net outflows. The post-Covid panic sent inflows surging artificially high, and for years thereafter, investors parked less and less of their cash into gold funds. But now, following the price of physical bullion, investors have rushed in from the sidelines and sent ETF inflows roaring back. 

ETF demand has more than doubled, first lagging behind bullion’s rise, but now reinforcing that gold bull market is far from over.

Last year, even as the price of gold had already began its stunning upward ascent in earnest, gold ETF outflows remained high as Wall Street failed to see the writing on the wall. But with inflows surging definitively in 2025, reaching levels not seen in years, it’s clear that institutional investors are recognizing the seismic shift in global monetary dynamics. 

As Trump’s trade war continues, the American economy contracts, inflation remains hot, and markets await QE to trick the economy into looking and feeling good again, Q1 gold ETF inflows show that financial institutions are recognizing the golden bull.