March 28th 2003. That was the date the world’s first gold exchange-traded fund (ETF), ETFS Physical Gold (GOLD), made its entrance on the world stage. Around 18 months later, the largest and most renowned physically-backed gold ETF, SPDR Gold Trust (GLD), was up and running. From then on, things had been never the same again… During the 15 or so years since their introduction, ETFs have had a seismic impact on the gold market. Even simply in terms of price, an ounce of the yellow metal was valued at around $330 when GOLD first launched. Today, it’s well over $1200,…...
Will an ETF Transform Bitcoin like it did in Gold?
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