Corporation launched SPDR Gold Shares (), which surpassed $1 billion in assets within its first three trading days. , it was the largest gold-backed ETF in the world and it had more than $40 billion in assets and $1.7 billion in daily trading volume. In March 2020, the Royal Mint entered the Gold ETF market and listed its first financial product "The Royal Mint Physical Gold - RMAU", making it the first Gold ETF issued by a European Sovereign entity. The fund is 100% backed by physical gold bars, held at the Royal Mint site near Cardiff in Wales. In February 2021, Wilshire Phoenix launched the wShares Enhanced Gold Trust () which tracks the Wilshire Gold Index, a proprietary index that uses an adaptive exposure approach to automatically rebalance physical gold and cash based on changing market conditions. WGLD seeks to outperform a stand-alone investment in gold and reduce volatility without the use of any futures, leverage, or derivatives to achieve its investment objective. See also Digital gold currency Gold as an investment Official gold reserves Royal Mint Gold Silver exchange-traded product Vaulted gold References Exchange-traded products E Commodities used as an investment