Investors pulled record amounts from gold exchange-traded funds last week, marking the largest weekly outflow of the year as the precious metal’s price continued to soften.
Holdings in physically backed gold ETFs fell to 4,048.1 tonnes, down from 4,086.4 tonnes the previous week, according to data reported by Hindu Businessline.
Spot bitcoin ETFs recently recorded their largest weekly investor exodus to date, with $651 million in net outflows, while US equity mutual funds and ETFs saw their first net outflow since March.
The surge in exits was driven primarily by withdrawals from US and Chinese investors, who have been the most active participants in the gold ETF market.
The scale of the outflow suggests a significant shift in sentiment, with investors moving away from gold as a safe-haven asset amid declining prices.
This development aligns with a broader trend of capital flight from alternative assets.
Spot bitcoin ETFs recently recorded their largest weekly investor exodus to date, with $651 million in net outflows, while US equity mutual funds and ETFs saw their first net outflow since March.