Latest Gold tokenized ETF (xStock) (GLDX) News Update

Deep Dive

1. @xStocksFi: Expanding tokenized stock access bullish

"25k unique holders across xStocks products signal growing demand for hybrid tradFi/crypto exposure. EVM chain integration coming soon."
– @xStocksFi (12.8k followers · 284k impressions · 2025-08-13 11:06 UTC)
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What this means: This is bullish for GLDX because ecosystem growth (54k cumulative holders across xStocks products) suggests increasing adoption of tokenized assets, which could spill over to gold ETF demand as investors diversify within the platform.

2. @xStocksFi: Cross-chain deployment neutral

"Launched first on Solana/Kraken/Bybit [...] Coming soon to EVM."
– @xStocksFi (12.8k followers · 284k impressions · 2025-08-13 11:06 UTC)
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What this means: This is neutral for GLDX short-term as EVM integration (expected post-August 13) might dilute liquidity across chains initially, though could boost long-term accessibility if Ethereum-based DeFi protocols adopt the gold ETF.

Conclusion

The consensus on GLDX is cautiously optimistic, with traders watching whether xStocks' infrastructure upgrades translate to increased gold ETF adoption. Monitor the circulating supply (1,000 GLDX vs 2,800 total) for potential inflationary risks if unlocked tokens hit markets. Track EVM integration progress through September for liquidity shifts.

TLDR Gold tokenized ETF (xStock)'s roadmap focuses on ecosystem expansion:
1. EVM Chain Integration (2025) – Extending token availability to Ethereum Virtual Machine-compatible networks.

Deep Dive

1. EVM Chain Integration (2025)

Overview:
xStocksFi announced plans to expand GLDX’s accessibility by deploying the token on Ethereum Virtual Machine (EVM)-compatible chains. This follows its initial Solana-based launch and listings on Kraken and Bybit. EVM compatibility would enable integration with decentralized exchanges (DEXs) and lending protocols on networks like Ethereum, Polygon, or Avalanche.

What this means:
This is bullish for GLDX because EVM chains host ~70% of DeFi’s total value locked (DeFi Llama), potentially exposing the token to deeper liquidity and yield opportunities. However, execution risks exist—delays in smart contract audits or subdued demand for tokenized commodities on EVM chains could limit adoption.

Conclusion

GLDX’s EVM expansion aims to bridge its gold-backed ETF exposure with DeFi’s composability, though success hinges on seamless technical integration and market appetite. With Bitcoin dominance at 57.4% and altcoin sentiment neutral, will commodity tokenization gain traction as a hedge against crypto volatility?

Deep Dive

1. Market metrics

GLDX’s -8.6% weekly decline (vs. -3.5% for total crypto market cap) coincides with gold’s worst week since February 2025, driven by rising Treasury yields and a stronger dollar. The token’s 130% 24-hour volume spike to $5.97M (30 July 2025) lacked clear catalysts, suggesting algorithmic trading or small-scale rebalancing.

Turnover (volume/market cap) sits at 19.77, indicating moderate liquidity for its $301K market cap. However, the token’s 1,000 circulating supply (55.5% of total) raises concentration risks, though on-chain holder data is unavailable.

2. Regulatory & external factors

Gold-linked tokens like GLDX face dual headwinds:
- Macro pressures: Gold’s appeal dimmed as 10-year Treasury yields hit 4.37% (30 July 2025), their highest since 2023.
- Crypto rotation: Bitcoin dominance rose to 60.89% (30 July 2025) as investors favor “digital gold” over traditional safe havens during market uncertainty.

Conclusion

GLDX remains tethered to gold’s macro trends rather than organic growth, with thin liquidity amplifying volatility. What catalyst could decouple tokenized gold from traditional commodity markets – regulatory clarity, staking yields, or cross-chain interoperability?