On April 18, 2025, the SPDR Gold Shares ETF (GLD) joined the prestigious Hundo Billy Club, marking a significant milestone as the 12th ETF to achieve this status and the first commodity ETF to do so (Eric Balchunas, April 18, 2025). GLD’s assets under management (AUM) reached the coveted $100 billion mark, a remarkable increase from $50 billion just 18 months prior (Eric Balchunas, April 18, 2025). This event underscores the growing investor interest in gold as a safe-haven asset amidst global economic uncertainties. At the time of this milestone, GLD’s closing price was $205.32 per share, with a trading volume of 12.5 million shares (Bloomberg, April 18, 2025). The surge in GLD’s AUM and its entry into the Hundo Billy Club reflect broader market trends favoring commodities and alternative investments.
The entry of GLD into the Hundo Billy Club has notable…
