In 2003, the world's first gold ETF fund was listed in Sydney. 2004 is a year of great development of gold ETF. Three gold ETFs have been established one after another, and StreetTracks Gold Trust Fund (NYSE GLD) has become a giant in the current gold ETF market. The fund was initiated by World Gold Trust Services (LLC) and started trading on new york Stock Exchange (NYSE) on June165438+1October 18, 2004. At its peak, it had more than 400 tons of gold. Since then, gold ETF products have triggered a subscription boom in the world, and were once considered by Wall Street analysts to directly promote the trend of gold prices at the end of 2004.