Search results for SPDR Gold Shares
Crypto
BlackRock\'s IBIT bitcoin spot ETF surpasses GLD in daily trading
BlackRock’s iShares Bitcoin Trust ETF, IBIT, rose more than 5 percent in daily trading and outpaced the SPDR Gold Shares ETF, GLD, in both trading volume and gains. IBIT posted $1.56 billion in turnover, ranking fifth among ETFs, while GLD recorded $907.64 million and ranked ninth. IBIT traded around $45.81 to $45.86, while GLD was near $398.96 with a 0.15 percent rise.
Crypto
JPMorgan says bitcoin could outperform gold if ETF hedging eases
JPMorgan says bitcoin could show a relatively stronger performance than gold if downside hedging demand among bitcoin ETF investors eases. It says institutional exposure to bitcoin and gold ETFs is high, but bitcoin investors are more active in protecting against declines. Gold ETF demand recovered faster, JPMorgan says, while bitcoin ETFs recouped about half of prior outflows. It points to high short interest in BlackRock’s IBIT and options positioning as signs of defensive bitcoin positioning.
Markets
Why a pullback could be a stronger signal than gold\'s 17 percent rally
Gold has rebounded 17 percent from a March 23 low of $4,105 an ounce to around $4,676 on April 3, but the basis for the rise remains unstable. BeInCrypto assessed that a pullback could build a stronger foundation because the rally has not fully broken its correlation with oil. Options and CFTC data show increased bullish bets, while key technical levels include $4,802 as a condition for further gains.