According to The Kobeissi Letter, GLD has surged +109% since 2020, now significantly outperforming the S&P 500's +74% gain in the same period. This shift is directly linked to increasing market uncertainty, which has driven traders toward gold as a safe-haven asset, despite a broader equity market recovery. For traders, this trend indicates sustained demand for gold ETFs like GLD during periods of elevated risk and uncertainty, suggesting that gold's role in diversified portfolios remains robust as we head into 2025 (Source: The Kobeissi Letter, Twitter, May 5, 2025).

According to The Kobeissi Letter on Twitter, the Gold ETF ($GLD) experienced a significant $1.3 billion outflow on Wednesday, marking the third-largest withdrawal in its history. This sharp outflow followed a record ~$1.9 billion daily inflow last week, reflecting heightened trading volatility and rapid sentiment shifts among institutional investors. As reported by Goldman Sachs, $GLD became the third most-traded ETF on Wednesday. This surge in trading volume and capital movement signals increased short-term trading opportunities and volatility for gold-focused traders. Source: The Kobeissi Letter, Twitter; Goldman Sachs.

According to Eric Balchunas, ETF flows are showing signs of investor anxiety, with $GLD (gold), $BIL (cash), and $SH (-1x SPX) among the top five, indicating a shift towards safety. Despite this, $VOO continues to attract cash, reflecting consistent dollar-cost averaging by Vanguard investors. However, there is a noticeable slowdown in dip buying, suggesting cautious market sentiment.

According to Edward Dowd, gold ($GLD) has risen by 13% since the inauguration of Trump, reportedly due to various factors including significant fraud revelations. Dowd implies that these revelations are a crucial reason for the price surge, although concrete trading data or further insightful analysis from @DOGE on the Department of Defense discoveries is still pending.

According to Eric Balchunas, the rivalry between gold and Bitcoin is intense, with gold celebrating a win this year. However, declaring Bitcoin dead is considered extreme, especially since GLD (SPDR Gold Shares) has significantly lagged behind since the BlackRock ETF filing. This analysis suggests a nuanced view on the performance of both assets, highlighting the importance of considering recent market movements and ETF developments in trading strategies.

According to Crypto Rover, the world's largest Bitcoin ETF, IBIT, is closing in on the market size of the largest Gold ETF, GLD. This development highlights Bitcoin's growing prominence as a dominant asset class, potentially influencing market liquidity and investor strategies. Traders should monitor this trend closely as it may impact asset allocation decisions and volatility in both crypto and traditional markets.