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Fast Take
In accordance with the World Gold Council, SPDR Gold Shares (GLD) is the most important bodily backed gold exchange-traded fund (ETF).
This ETF launched again in 2004 when the value of gold was priced at roughly $410.
This ETF allowed publicity for buyers at a comparatively simple stage.
Will Clemente, Co-Founder at Reflexivity Analysis, confirmed (within the chart beneath) the large features of the ETF within the eight years after the ETF was launched.
Will Bitcoin comply with an identical worth appreciation if the ETF from BlackRock will get accredited?
The Gold ETF was launched earlier than the 2008 recession, and BlackRocks’ ETF may additionally get accredited throughout a recession.
The submit Evaluating historical past of GLD to potential spot Bitcoin ETF appeared first on CryptoSlate.
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