News linked to both this project and an event.
Odaily News, Quantitative trading firm Susquehanna said demand in the gold options market is clearly shifting from downside protection to bullish calls betting on further upside. Recently, an investor purchased 8,000 call options on SPDR Gold Trust (GLD) expiring in November with a strike price of $460, while one-month implied volatility on gold remains near recent lows.Susquehanna noted that fund flows are also supporting gold prices, with gold funds recording their strongest inflows since January this year. (CNBC)
Bloomberg Senior ETF Analyst Eric Balchunas stated on X that the gold ETF SPDR Gold Shares (GLD) has experienced nearly $15 billion in outflows since March 1, with this outflow scale actually exceeding the cumulative outflows from all spot Bitcoin ETFs since their October peak by about 50%.Analysis suggests that the gold market is undergoing a phase of capital adjustment reminiscent of "After the Gold Rush." Previously, driven by geopolitical risks, inflation concerns, and rising safe-haven demand, gold ETFs attracted significant capital inflows, pushing gold prices higher. In contrast, spot Bitcoin ETFs saw massive capital inflows post-approval, but the flow has fluctuated recently amid increased market volatility.The large-scale redemptions of gold ETFs reflect that some investors are reallocating their safe-haven assets. Whether these funds are flowing into digital assets like Bitcoin will become a key focus for the market moving forward.