GLD Posts Multi-Billion Outflow as Bitcoin Spot ETFs Log Strong Weekly Inflows

According to data cited in the report, SPDR Gold Trust saw a single-day outflow of $3 billion alongside a 4.4% drop in gold's price, its largest one-day correction since late January. Over the same week, US spot Bitcoin ETFs recorded net inflows of $568.45 million despite outflows on Thursday and Friday, marking a second consecutive positive week. A market analyst argued that in terms of ETF adoption, gold is "no serious competitor to Bitcoin."