No, gold etf is a financial derivative based on gold, which tracks the fluctuation of spot gold price, not physical gold. Investors trade gold etf funds mainly to earn the bid-ask spread, and only when the price of gold etf rises can they gain income.

Gold etf entrusts physical gold to fund companies by large gold producers, and fund companies publicly issue fund shares to investors on the basis of physical gold. The Fund trades on the stock exchange, implements T+0 trading, trades according to the real-time market price, and follows the principle of price priority and time priority.