Holdings in exchange traded products backed by gold rose to a record 2,217 tons on Aug. 8, according to the report. [Soros Again Trims Gold ETF Holdings; Paulson Lets It Ride]
In terms of assets, the gold ETF has been gaining ground on SPDR S&P 500 (NYSEArca: SPY), which is the largest ETF with $78.6 billion.
SPDR Gold Shares
Full disclosure: Tom Lydon’s clients own GLD.