Despite the sharp decline in gold prices in March, recent recovery above $4550 demonstrates restored market confidence. Gold ETF demand remains robust, with SPDR Gold ETF assets under management approaching historical highs, reflecting investor focus on the long-term value of precious metals. While geopolitical tensions impact short-term prices, long-term investment demand remains strong.

On March 24, U.S. Bitcoin ETFs recorded $167 million in net inflows, ending consecutive outflows and signaling a warming capital situation. The gold market experienced fund withdrawals, with the SPDR Gold ETF hitting a new monthly outflow high. Bitcoin and gold correlation dropped to -0.88, indicating diverging performance. The Federal Reserve maintained interest rates unchanged, with some capital flowing from gold toward Bitcoin and other assets.

BlockBeats News, March 5th, the world's largest gold ETF, SPDR Gold Trust, decreased its holdings by 18 tons compared to the previous day, marking the largest single-day reduction since April 2013. The current holdings are 1081.038 tons. (Jin10)

ChainCatcher news, according to CoinDesk, options trading volume linked to BlackRock's Bitcoin ETF (IBIT) has surged, with a total of 7,714,246 IBIT options contracts open or outstanding as of Tuesday. According to data from optioncharts.io, among options linked to US-listed stocks, ETFs, and indexes, IBIT options rank ninth in open interest; when considering only stock options, IBIT options rank second in open interest. The report notes that IBIT options have already surpassed gold ETFs and major tech stocks, highlighting Bitcoin's growing appeal as a macro asset. Despite the decline in Bitcoin's price, trading activity for IBIT options is higher than that for options linked to the SPDR Gold Trust ETF, which has risen this year.