{"id":45573,"date":"2026-07-18T11:31:31","date_gmt":"2026-07-18T11:31:31","guid":{"rendered":"https:\/\/financialrush.com\/?p=45573"},"modified":"2026-07-18T11:31:31","modified_gmt":"2026-07-18T11:31:31","slug":"the-etf-battle-between-gold-and-bitcoin-is-btc-really-losing","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=45573","title":{"rendered":"The ETF Battle Between Gold and Bitcoin: Is BTC Really Losing?"},"content":{"rendered":"

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\n\t\t\t\t\t\t\t\t\tSpot Bitcoin ETFs lost over $8 billion in weeks. However, one gold ETF lost more than than in just a single month.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n

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2026 has been quite interesting and unexpected in terms of investments. Gold and silver started the year strong with massive gains and new all-time highs, while BTC has been mostly trading downward.<\/p>\n

While bitcoin\u2019s correction intensified after the January rejection at $95,000, the two largest precious metals tumbled as well. Perhaps a large portion of gold\u2019s losses could be attributed to how investors turned on the largest ETF tracking its performance.<\/p>\n

Will GLD Stage a Comeback?<\/h2>\n

Data provided by the analysts at the Kobeissi Letter indicated that the world\u2019s largest gold-backed ETF, World Gold Council\u2019s GLD, has seen a substantial investor exodus that began in March this year. In the span of just the third month of the year, the financial vehicle lost a whopping $8.5 billion. This became the largest monthly withdrawal in GLD\u2019s 22-year history.<\/p>\n

This worrying trend eased to an extent in the following months, but red continued to dominate. Investors pulled out $1.7 billion in April, a more modest $872 million in May, and $3.2 billion in June. The mid-month data for July shows that the withdrawals have dropped to under $50 million, prompting the analysts to speculate whether the gold market is \u201csetting up for a comeback.\u201d<\/p>\n

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BREAKING: The largest US gold-backed ETF, $GLD<\/a>, has recorded -$14.4 billion in outflows since March 1st.<\/p>\n

This is 50% more than the -$9.6 billion in outflows seen across all Bitcoin ETFs since the October peak.<\/p>\n

In March alone, investors withdrew -$8.5 billion from $GLD<\/a>, the\u2026 pic.twitter.com\/0Wvwlqxpxi<\/a><\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) July 16, 2026<\/a><\/p>\n<\/blockquote>\n

These net outflows coincided with gold\u2019s price collapse. The bullion peaked at $5,600\/oz in late January, but it has lost nearly 30% of its value since then, declining to $4,000\/oz as of Friday\u2019s close.<\/p>\n

BTC ETFs Bleed Too<\/h2>\n

With roughly $130 billion in AuM, GLD is more than twice as big as all spot Bitcoin ETFs<\/a> combined. As such, it\u2019s rather difficult to compare the respective net outflows. Nevertheless, the ongoing narrative is that investors have turned on BTC, which is supported by the recent negative streak<\/a> that began in May.<\/p>\n

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In the span of approximately two months, investors pulled out just over $8 billion from all BTC ETFs, pushing the cumulative total net inflows down to $51.22 billion from $59.34 billion. June was the worst month, with over $4.5 billion leaving the funds, which was more than GLD\u2019s exodus.<\/p>\n

Perhaps it\u2019s no surprise that the underlying asset\u2019s price performance has been quite painful within this timeframe. BTC was rejected at $83,000 when the withdrawal wave began in mid-May, and plunged to a multi-year low of $57,700 on July 1. Although it has recovered some ground since then, the ETFs\u2019 behavior remains highly uncertain to support a more profound rally.<\/p>\n

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Spot Bitcoin ETFs Net Flows. Source: SoSoValue<\/figcaption><\/figure>\n

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