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SPDR Gold Shares posts nearly $15 billion of outflows since March 1

SPDR Gold Shares posts nearly $15 billion of outflows since March 1

Bloomberg senior ETF analyst Eric Balchunas said the GLD withdrawals are about 50% larger than the combined outflows from all spot Bitcoin ETFs since their October peak.

BTC

Summary

SPDR Gold Shares (GLD) has seen nearly $15 billion of outflows since March 1, Bloomberg senior ETF analyst Eric Balchunas said on X. He added that the withdrawals are roughly 50% larger than the cumulative outflows from all spot Bitcoin ETFs since those funds reached their peak in October last year, underscoring the scale of recent money moving out of the gold-backed fund relative to the newer crypto investment products.

Terms & Concepts
  • spot Bitcoin ETFs: Funds that track Bitcoin’s market price directly.
  • outflows: Net investor money leaving a fund.