Gold, Bitcoin Rebound Amid Market Volatility
Investors seeking to diversify their portfolios beyond traditional indices may want to consider two exchange-traded funds (ETFs) that provide exposure to gold and Bitcoin. Gold has been on a rebound, rising over 17% from its year-to-date low in mid-July. The VanEck Gold Miners ETF (GDX), which tracks the MarketVector Global Gold Miners Index, has outperformed gold prices, gaining around 40% over the past month.
The GDX offers a more nuanced exposure to gold, including income through dividends. With over $32 billion in assets under management, it is one of the largest gold ETFs on the market. Its portfolio includes prominent positions in Newmont, AngloGold Ashanti, Wheaton Precious Metals, and Kinross Gold.
Bitcoin has also seen a significant rally, gaining over 23% over the past month and reaching its highest prices since mid-May. The iShares Bitcoin Trust ETF (IBIT) provides exposure to the cryptocurrency's price movement and has been popular among institutional investors. With a net expense ratio of 0.25%, it has more than $59 billion in assets under management.