Bloomberg Analyst: GLD Has Seen $15 Billion in Outflows Since March, Surpassing Total Bitcoin ETF Withdrawals

Bloomberg Senior ETF Analyst Eric Balchunas stated on X that the gold ETF SPDR Gold Shares (GLD) has experienced nearly $15 billion in outflows since March 1, with this outflow scale actually exceeding the cumulative outflows from all spot Bitcoin ETFs since their October peak by about 50%.

Analysis suggests that the gold market is undergoing a phase of capital adjustment reminiscent of "After the Gold Rush." Previously, driven by geopolitical risks, inflation concerns, and rising safe-haven demand, gold ETFs attracted significant capital inflows, pushing gold prices higher. In contrast, spot Bitcoin ETFs saw massive capital inflows post-approval, but the flow has fluctuated recently amid increased market volatility.

The large-scale redemptions of gold ETFs reflect that some investors are reallocating their safe-haven assets. Whether these funds are flowing into digital assets like Bitcoin will become a key focus for the market moving forward.