Gold ETFs See Massive Outflows as Bitcoin Funds Rebound Strongly

Despite gold's long-standing reputation as a safe-haven asset during turbulent times, recent investor sentiment has shown a clear shift. Last week, the world's largest gold ETF, SPDR Gold Trust (GLD), recorded a massive single-day net outflow of $3 billion, marking its largest single-day withdrawal in nearly two years. This figure is more than double the largest single-day inflow in the previous two years. During the same period, the price of gold fell by 4.4% in a single day, the most significant correction since the 11% plunge on January 30. Analysts point out that this reflects many investors choosing to lock in profits after gold's historic rally.

At the same time, Bitcoin-related funds have seen a reversal. Despite market pullbacks on Thursday and Friday, Bitcoin ETFs as a whole still achieved a net inflow of $568 million for the week, maintaining net inflows for two consecutive weeks, breaking the previous sluggish situation of more than $2 billion in outflows over five consecutive weeks. Although the size of a single Bitcoin ETF is still much smaller than GLD, its growth momentum cannot be ignored. Data shows that since the launch of Bitcoin ETFs, their cumulative net inflows have surpassed the performance of many mainstream gold ETFs during the same initial period, demonstrating a gradual increase in institutional investors' willingness to allocate to digital assets.