The Kobeissi Letter|Jul 16, 2026 13:46
BREAKING: The largest US gold-backed ETF, GLD, has recorded -$14.4 billion in outflows since March 1st.
This is 50% more than the -$9.6 billion in outflows seen across all Bitcoin ETFs since the October peak.
In March alone, investors withdrew -$8.5 billion from GLD, the largest monthly withdrawal on record.
This was followed by -$1.7 billion in April, -$872 million in May, and -$3.2 billion in June.
Meanwhile, outflows have eased in July, with withdrawals tracking at -$46 million month-to-date.
Is the gold market setting up for a comeback?(The Kobeissi Letter)
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