Gold ETFs saw a net outflow of $1.3 billion this Wednesday, marking the third largest outflow in history

BlockBeats News, April 27th, according to The Kobeissi Letter, the gold ETF GLD saw a record $1.3 billion outflow on Wednesday, marking the third largest outflow ever. The fund had set a record last week with daily inflows of around $1.9 billion. As a result, according to Goldman Sachs data, GLD became the third most traded ETF on Wednesday.

Additionally, the gold miner ETF GDX saw a $200 million outflow, the most severe single-day outflow in the past 12 months.

Meanwhile, the price of gold fell 2.7% on Wednesday, marking the second largest decline this year.