Insights

Comparing history of GLD to potential spot Bitcoin ETF

Quick Take

  • According to the World Gold Council, SPDR Gold Shares (GLD) is the largest physically backed gold exchange-traded fund (ETF).
  • This ETF launched back in 2004 when the price of gold was priced at roughly $410.
  • This ETF allowed exposure for investors at a relatively easy level.
  • Will Clemente, Co-Founder at Reflexivity Research, showed (in the chart below) the enormous gains of the ETF in the eight years after the ETF was launched.
  • Will Bitcoin follow a similar price appreciation if the ETF from BlackRock gets approved?
  • The Gold ETF was launched before the 2008 recession, and BlackRocks’ ETF could also get approved during a recession.
Gold Price: (Source: Will Clemente)
Gold Price: (Source: Will Clemente)

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button