93 sats \ 4 replies \ @gmd 8 Apr \ on: World’s Largest Gold ETF Holdings Down 5% Since Bitcoin ETF Launch charts
So their holdings are going down even though the price of Gold is going up?
This kinda makes sense. People like gold as a stabilizer, right? If the price goes up, they'll want to rebalance
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In all probability yours is the right explanation. However it also occurs to me that I wonder if the competition against BTC ETFs is putting pressure on the GLD issuers to play less rehypothecation games. I notice that both Silver and Gold has been on a tear since Jan.
Perhaps they realize that GLD needs to compete.