Bitcoin News Today: Digital Gold Rush Gathers Pace as Tether Gold Hits $800M in Value

The digital gold rush is gathering pace in crypto markets as Tether Gold (XAUt) continues to expand its footprint. By the end of the second quarter, XAUt was backed by 7.66 tons of physical gold, supporting over 259,000 tokens in circulation and giving the asset a total market value of more than $800 million [2]. The surge in XAUt reflects a broader demand for physical bullion, which has hit record highs amid rising inflation concerns and economic uncertainties tied to U.S. policy developments [2]. The token, which launched in early 2020, has risen nearly 40% in the past year, tracking the market value of gold and offering investors direct exposure to the asset in a digital form [2].

The appetite for gold is not limited to retail investors. According to the World Gold Council, central banks added over 1,000 metric tons of gold in 2024—marking the third consecutive year they’ve surpassed that threshold [2]. This trend highlights the ongoing shift toward gold as a hedge against currency devaluation and macroeconomic instability.

Meanwhile, Bitcoin is also drawing increasing institutional backing. Twenty One Capital, a Bitcoin treasury firm, has exceeded initial projections in its BTC holdings. The company now holds approximately 43,500 BTC—valued at over $5.1 billion at current prices—after receiving an additional 5,800 BTC from Tether [2]. This accumulation places Twenty One Capital among the top three corporate BTC holders, according to industry data. The firm’s strategy underscores a growing trend where institutions view Bitcoin as a “hard asset” and a core component of diversified portfolios [1].

The institutional adoption of BTC is further reinforced by recent regulatory developments. The U.S. Securities and Exchange Commission (SEC) approved in-kind redemptions for crypto ETFs, allowing fund managers to exchange ETF shares directly for the underlying assets rather than cash [2]. This change is expected to enhance the efficiency and cost-effectiveness of crypto ETFs, particularly for Bitcoin and Ethereum. The rule change was hailed by SEC Chairman Paul Atkins as a step toward a “fit-for-purpose” regulatory framework for crypto markets [2].

On the blockchain front, Avalanche is expanding its real-world asset (RWA) ecosystem with a $250 million infusion into two investment vehicles managed by Janus Henderson. These funds, targeting U.S. Treasurys and collateralized loan obligations (CLOs), will offer tokenized access to traditional assets. This development signals a broader shift toward tokenization on alternative blockchains, as Ethereum’s dominance in the RWA space faces increasing competition [2].

The convergence of traditional assets and digital finance is reshaping the investment landscape. Investors are increasingly allocating capital across a diversified mix of tokenized and traditional assets, leveraging blockchain’s transparency and efficiency [2]. As macroeconomic pressures persist and institutional interest deepens, the role of digital gold—both in the form of tokenized bullion and Bitcoin—continues to evolve as a cornerstone of modern portfolio strategy [1].

Sources:

[1] [https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96548063/crypto-biz-digital-gold-rush-intensifies-as-tethe](https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96548063/crypto-biz-digital-gold-rush-intensifies-as-tethe)

[2] [https://www.tradingview.com/news/cointelegraph:fa28f7ae7094b:0-crypto-biz-digital-gold-rush-intensifies-as-tether-gold-surges-institutions-double-down-on-btc/](https://www.tradingview.com/news/cointelegraph:fa28f7ae7094b:0-crypto-biz-digital-gold-rush-intensifies-as-tether-gold-surges-institutions-double-down-on-btc/)

[4] [https://x.com/mediamanint/status/1951053685188075563](https://x.com/mediamanint/status/1951053685188075563)

[7] [https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96541411/bitcoin-fills-july-cme-gap-039-to-the-dollar-03](https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96541411/bitcoin-fills-july-cme-gap-039-to-the-dollar-03)