Bloomberg analyst: GLD has seen outflows of $15 billion since March, surpassing the total withdrawal of Bitcoin ETFs Odaily Planet Daily News: Bloomberg Senior ETF Analyst Eric Balchunas stated on X platform that the SPDR Gold Shares (GLD) gold ETF has experienced nearly $15 billion in outflows since March 1st, which is actually about 50% higher than the cumulative outflows of all spot Bitcoin ETFs since their peak in October last year. Analysis suggests that the gold market is undergoing a capital adjustment phase after the Gold Rush. Previously, with geopolitical risks, inflation concerns, and rising demand for safe haven, gold ETFs attracted a large influx of funds and drove up gold prices. In contrast, spot Bitcoin ETFs have experienced large-scale capital inflows after approval, but recently, with increasing market volatility, capital flows have fluctuated. The large-scale redemption of gold ETFs reflects that some investors are readjusting their safe haven asset allocation, and whether funds flow into digital assets such as Bitcoin will become a focus of market attention in the future.