Gold vs. Bitcoin – YTD Cumulative ETF Flow as % of AUM Over the past month, flows have clearly favored Bitcoin over gold, driven by improved risk sentiment and strong technical momentum. Image: Goldman Sachs Global Investment Research
U.S. Bitcoin ETF Flows U.S. Bitcoin ETFs have experienced strong inflows. Bitcoin has rebounded over 20% from its early April low, surpassing $90,000. During this period, Bitcoin has significantly outperformed U.S. equities. Image: Bloomberg
Average Daily Equity ETF Flow vs. S&P 500 Performance Despite the S&P 500’s decline in Q1 2025, investors continued pouring money into equity ETFs, averaging nearly $3bn daily inflows—a sign of persistent appetite for U.S. equities amid volatility. Image: Strategas Research Partners
Monthly Fund Flows of Gold ETFs Gold funds have gained $12 billion in inflows over the past two months as record-high gold prices boost their appeal as a safe-haven asset in uncertain economic times. Image: Bloomberg
SPDR S&P 500 ETF Trust Three-Month 90/110 Implied Volatility Signs of stability are emerging in the S&P 500 Index after the sharp correction, as traders abandon bets on further significant declines, reflecting growing confidence in the market. Image: Bloomberg
U.S. ETF and Mutual Fund Flows Investors continue to show a strong appetite for U.S. money market funds as a safe and attractive option amid ongoing market volatility and high short-term interest rates. Image: Goldman Sachs Global Investment Research
Equity Sectoral and Regional ETF Flows Materials, energy and healthcare ETFs are still experiencing notable outflows, leading to a decrease in investor interest. Image: J.P. Morgan
Physical Gold Held by all Gold ETFs Globally While central banks are increasing their gold reserves as a hedge against economic uncertainty and currency risks, global gold ETFs continue to see a decline in investor interest. Image: J.P. Morgan
Weight of Top 10 Holdings in Each Country’s ETF Concerns about U.S. stock market concentration, especially among the top 10 stocks, have grown. However, a broader comparison with other major economies suggests that the U.S. market may not be as top-heavy as perceived. Image: Carson Investment Research
Sector ETF Flows In 2024, the financial sector ETF (XLF) saw substantial inflows, making it the leading performer in attracting new capital, while the energy sector ETF (XLE) experienced significant outflows, ranking it as the worst performer. Image: GS Global Banking and Markets
Median Monthly Flow into Equity Mutual Funds and ETFs as a % of Total AUM January has historically seen increased investor activity in equity markets, resulting in strong inflows, as the start of a new year often inspires renewed investment strategies and goals. Image: Goldman Sachs Global Investment Research