[Commodity ETFs Experience Net Outflows of Over $11 Billion in a Single Month, Setting a Historic Record for Withdrawals] BlockBeats News, March 25: Due to the ongoing escalation of tensions in the Middle East, commodity ETFs have faced the largest capital outflows in history. Bloomberg Industry Research data shows that since March, approximately $11 billion has flowed out of nearly 100 ETFs covering precious metals and diversified commodities, marking the largest single-month net outflow since 2005 and reversing the previous nine-month trend of continuous net inflows. Gold has become the hardest-hit sector, with the world's largest gold ETF, SPDR Gold Shares, seeing redemptions exceeding $7 billion. Silver ETFs also experienced outflows of approximately $1.4 billion. Analysts attribute this to profit-taking demand following earlier price increases, combined with expectations of high interest rates and a strong dollar, which have weakened gold's appeal. The market is dominated by the "cash is king" logic. Meanwhile, disruptions in transportation through the Strait of Hormuz have intensified volatility in the crude oil market, pushing Brent crude prices to around $104 per barrel. Some funds have shifted toward energy-related products, with the United States Oil Fund (USO) attracting approximately $400 million in inflows this month, bucking the trend. Institutions have pointed out that this round of capital outflows is primarily driven by gold and silver, reflecting the growing divergence in current market expectations.