The main theme of the report is the analysis of dynamics and trends in the physically backed gold ETF market for the third quarter of 2025.
Key findings include: Global gold ETFs recorded the largest monthly inflow in September, leading to a record quarterly inflow of $26 billion. North American investors contributed the most to this inflow, adding $16.1 billion, the largest third-quarter figure and the second-largest quarterly figure in history. European funds also showed significant growth, registering the second-largest quarterly inflow in the region. Total assets under management of global gold ETFs reached a record high of $472 billion, up 23% from the previous quarter.