Gold ETF Market Breaks: BlackRock Suspends ETF Issuance Due To “Surging Demand For Gold”

March 4, 2016

BlackRock’s Gold ETF (IAU) has seen fund inflows every day in 2016 (no outflows at all) and with the stock trading above its NAV for most of the year, the world’s largest asset manager has made a significant decision:

*BLACKROCK SAYS ISSUANCE OF GOLD TRUST SHARES SUSPENDED
*BLACKROCK SAYS SUSPENSION DUE TO DEMAND FOR GOLD

[…] BlackRock Statement:

Issuance of New IAU (Gold Trust) Shares Temporarily Suspended; Existing Shares to Trade Normally for Retail and Institutional Investors on NYSE Arca and Other Venues

Suspension results from surging demand for gold, which requires registration of new shares

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