Bloomberg's Balchunas: GLD Sees Nearly $15B of Outflows Since March, Exceeding Spot Bitcoin ETF Redemptions
AI Market Summary
Bloomberg's Balchunas notes nearly $15B of GLD outflows since March 1, exceeding cumulative spot Bitcoin ETF outflows since their October peak. The move signals post-"gold rush" portfolio rebalancing after prior safe-haven-driven gold ETF inflows. While the data do not confirm destination flows, the scale of redemptions highlights shifting demand within defensive allocations, with potential implications for cross-asset positioning between gold and BTC.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+1.68%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Odaily Planet Daily reports that Eric Balchunas, Bloomberg's senior ETF analyst, said on X that SPDR Gold Shares (GLD) has recorded close to $15 billion in net outflows since March 1. That figure is roughly 50% higher than the combined outflows from all spot Bitcoin ETFs since their peak last October.
Market observers say the gold market may be entering a post-"gold rush" reallocation phase. Earlier, heightened geopolitical risk, inflation worries and demand for safe-haven assets drew heavy inflows into gold ETFs, helping lift bullion prices. Spot Bitcoin ETFs, by contrast, saw strong subscriptions after regulatory approval, though recent volatility has made flows more uneven.
The scale of GLD redemptions suggests some investors are reassessing safe-haven allocations. Whether that capital ultimately rotates into digital assets such as Bitcoin is likely to be a key market watchpoint.
