Gold-backed ETFs posted $𝟰.𝟳𝗕 𝗶𝗻 𝘄𝗲𝗲𝗸𝗹𝘆 𝗼𝘂𝘁𝗳𝗹𝗼𝘄𝘀 — the largest on record — with GLD alone bleeding $2.0B. North America led the exodus at -23.6 tonnes, and June is on track for GLD's 2nd-worst month since Feb 2021. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Record gold ETF outflows alongside record Bitcoin ETF outflows ($4.1B+ in June) signal a broad-based liquidation of alternative store-of-value holdings. This isn't gold-specific or crypto-specific — it's a liquidity-driven risk-off move where investors are raising cash across non-equity assets. The S&P 500 surging back toward record highs while both gold and BTC ETFs bleed confirms capital is concentrating into equities at the expense of hedges. For crypto traders, the gold parallel validates that BTC's institutional bid is fading as part of a wider deleveraging from alternatives, not an isolated crypto event. Watch whether gold ETF outflows stabilize in July alongside BTC — that would mark the bottoming of the alternative-asset liquidation cycle. source: KobeissiLetter Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=1113(Hupzy (Spot On Chain))