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CoinVoice has learned that, according to The Kobeissi Letter, the gold ETF GLD saw outflows of $1.3 billion on Wednesday, marking the third-largest outflow on record. The fund set a record for daily inflows of approximately $1.9 billion last week. Therefore, according to Goldman Sachs, GLD became the third-largest ETF by volume on Wednesday.
In addition, the gold miner ETF GDX experienced a $200 million outflow, marking the largest single-day outflow in the past 12 months.
At the same time, gold prices fell 2.7% on Wednesday, marking the second largest decline of the year.