GLD sheds $6 billion, as investors rotate capital into Bitcoin ETFs

SPDR Gold Shares (GLD) shed over $1.5 billion this week. Total outflows for the ETF exceeded $6 billion over the last three weeks.

Investors are selling the news following the conflict in Iran. Gold prices have fallen approximately 20% from their peak this year.

Market analysis suggests investors are rotating capital out of gold. Bitcoin ETFs recorded substantial inflows during this same period.