In recent years, gold exchange-traded funds (ETFs) have gained popularity among investors seeking exposure to the precious metal. These investment vehicles provide a convenient way to participate in the gold market without the need for physical ownership of gold. As of 2024, several gold ETFs have emerged as the largest and most influential in the market. Let’s take a closer look at the five biggest gold ETFs in 2024.
1. SPDR Gold Shares (GLD)
SPDR Gold Shares, launched in 2004, is one of the oldest and largest gold ETFs in the world. Managed by State Street Global Advisors, GLD aims to track the price of gold bullion. With its substantial assets under management, GLD is a popular choice for investors looking for exposure to the gold market. The ETF’s liquidity and transparency make it a favored option among institutional and retail investors alike.
2. iShares Gold Trust (IAU)
iShares Gold Trust, sponsored by BlackRock, is another prominent gold ETF that aims to reflect the performance of the price of gold. IAU stands out for its low expense ratio and efficient tracking of the gold price. The ETF’s sizeable asset base and high trading volume make it a liquid investment option for those looking to invest in gold. IAU’s accessibility and cost-effectiveness attract a wide range of investors seeking exposure to the gold market.
3. Aberdeen Standard Physical Gold Shares ETF (SGOL)
Aberdeen Standard Physical Gold Shares ETF is backed by physical gold held in secure vaults. SGOL provides investors with a way to invest in gold without the complexities of owning and storing physical gold. The ETF’s secure storage and transparent custodial arrangements appeal to investors seeking a more tangible investment in gold. SGOL’s focus on physical gold ownership sets it apart from other gold ETFs in the market.
4. VanEck Merk Gold Trust (OUNZ)
VanEck Merk Gold Trust offers investors the opportunity to own gold with the option for redemption in physical gold or cash. OUNZ distinguishes itself by providing flexibility and choice to investors looking to invest in gold. The ETF’s innovative approach to gold ownership appeals to those who value versatility and control over their investments. OUNZ’s unique features make it an attractive option for investors seeking a different investment experience in the gold market.
5. GraniteShares Gold Trust (BAR)
GraniteShares Gold Trust is designed to track the performance of the price of gold. With its competitive expense ratio and straightforward investment approach, BAR provides investors with a cost-effective way to invest in gold. The ETF’s focus on simplicity and efficiency resonates with investors seeking a hassle-free investment option in the gold market. BAR’s commitment to providing a straightforward investment experience makes it a popular choice among gold investors.
Overall, these five gold ETFs represent some of the largest and most influential players in the gold market in 2024. Whether investors prioritize liquidity, cost-effectiveness, physical gold ownership, flexibility, or simplicity, there is a gold ETF to suit their investment objectives. As the gold market continues to evolve, these ETFs play a crucial role in providing investors with access to this precious metal in a convenient and efficient manner.
