Gold mining funds outperformed in the third quarter of 2025, drawing $7 billion in net inflows as investors gravitated towards safe havens amid global economic uncertainty. This trend highlights a shift in investor preference towards stability and hard assets, with gold ETFs surpassing Bitcoin ETFs, which experienced a $4 billion outflow. The movement away from digital assets and China-related funds underscores growing macroeconomic concerns. Analysts indicate that this preference for gold and other stable investments may continue as economic conditions remain volatile.