According to BlockBeats, the gold ETF GLD witnessed a substantial outflow of $1.3 billion on Wednesday, marking the third-largest outflow on record. This was after the fund experienced a record of $1.9 billion daily inflow last week. Consequently, GLD ranked as the third most traded ETF on Wednesday, based on data from Goldman Sachs.
In addition, the gold miners ETF GDX saw an outflow of $200 million, representing the most severe single-day outflow in the past 12 months.
Meanwhile, gold prices fell by 2.7% on Wednesday, marking the second-largest decline this year.