China Investors Push Gold ETF Premium To 30% Amid Bitcoin ETF FOMO

In a flurry of frenzied trading activity, local investors in China are driving up the premium of a gold stock ETF to a staggering 30%. This even led to an abrupt halting of trading. Moreover, Bloomberg analyst Eric Balchunas shed light on the situation, citing Bitcoin ETF FOMO (Fear of Missing Out) as a prime reason.