Gold ETFs Record $1.3 Billion Outflow, Third-Largest in History

In Brief:

GLD lost $1.3B in a single day, after posting a record $1.9B inflow last week.

Gold prices fell 2.7% on Wednesday, marking the second-largest drop this year.

According to ChainCatcher and The Kobeissi Letter, the SPDR Gold Trust (GLD) experienced $1.3 billion in net outflows on Wednesday, marking the third-largest single-day outflow in the fund’s history. This sharp reversal came just one week after GLD recorded a $1.9 billion daily inflow, the highest in its history.

The heavy outflow also propelled GLD to become the third-most traded ETF on Wednesday, based on Goldman Sachs data.

In addition, the VanEck Gold Miners ETF (GDX) saw a $200 million outflow—the largest one-day withdrawal for the fund in the past 12 months.

Gold prices mirrored the ETF exodus, falling by 2.7% on the day, representing the second-largest single-day price drop for gold so far in 2025. The volatility reflects shifting investor sentiment amid fluctuating macroeconomic conditions and evolving market risk appetite.

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