Are capitals circulating? Biggest Gold ETF Faces Huge Outage As BTC Funds Recover

Meanwhile, one prominent analyst said that gold is “not a serious competitor to Bitcoin” in terms of the rate of ETF adoption.

Although it remains the safest safe haven asset in times of exponentially increasing uncertainty, gold has seen its fair share of investor outflows, tracked by the largest US ETF in the past week.

At the same time, BTC-related funds ended the week in the green, although they were deep in the red again on Thursday and Friday.

GLD sees biggest outflow in years

The SPDR Gold Trust (GLD) is by far the largest ETF focused on precious metals, with AUM of more than $174 billion in March. To demonstrate its dominance in the gold market, in second place, iShares Gold Trust (IAU) has almost three times less AUM ($64 billion).

Data shared by Kobeissi Letter shows that GLD experienced massive outflows on Wednesday, with $3 billion leaving the fund. Analysts say this is “a +200% increase over any previous large daily inflow in the last 2 years”.

Meanwhile, the metal fell 4.4% on the day, its biggest correction since the Jan. 30 crash, when it fell more than 11%.

“This is all after global gold ETFs gained $5.3 billion in February and +$18.7 billion in January, marking the 9th straight month of inflows and the best 2-month start to the year,” they wrote.

The analyst concluded that investors took profits after the metal’s “historic rally.”

No comparison with Bitcoin?

While gold stocks were bleeding on Wednesday, Bitcoin ETFs recorded their best day since February 25 with net inflows of $461.77 million. Monday ($458.19 million) and Tuesday ($225.15 million) were also in the green, but the week ended on the wrong foot, with Thursday netting $227.83 million and Friday $348.83 million.

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However, the weekly net income was significantly higher as funds pulled in a total of $568.45 million. That makes it two consecutive weeks in the green after a torrid five-week streak that saw more than $2 billion removed.

Although these numbers are much lower than the quotes for the single gold fund, they still show that BTC is growing in institutional acceptance. In fact, Crypto Rover published an interesting chart showing that BTC ETFs have enjoyed their first few years in terms of net inflows over gold funds.

Taking Bitcoin ETF vs Gold ETF…

Gold is not a serious competitor to Bitcoin. pic.twitter.com/EY1EU2mFIn

– Crypto Rover (@cryptorover) March 7, 2026