Ashutosh Sureka

GLD records outflows exceeding $15 billion, Eric Balchunas notes

GLD records outflows exceeding $15 billion, Eric Balchunas notes
GLD outflows surpass bitcoin ETF losses

Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, highlights a sharp decline in GLD holdings. Since March 1, the gold ETF has experienced nearly $15 billion in outflows. This figure is approximately 50% more than the total outflows seen across all bitcoin ETFs since their October peak.

Balchunas has tracked significant shifts across ETFs in recent reports. He noted the end of Invesco's 27-year control over the Nasdaq index in an earlier article. He also questioned Jeremy Grantham's confidence in his bitcoin skepticism due to previous inaccurate forecasts. These reports provide additional context as outflows hit GLD.

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