The GLD exchange-traded fund, the largest gold-backed vehicle in the United States, has seen $14.4 billion in total outflows since March 1. This divestment volume is 50% higher than the $9.6 billion in cumulative withdrawals observed across the entire Bitcoin ETF sector since its October peak.
Investor activity in March alone accounted for $8.5 billion of these GLD withdrawals, highlighting a rapid acceleration in capital exits from the precious metal fund.