Sorry.. It's not GDAX (that's an exchange). I looked it up and there are several but it seems more like an ETF but MNTP looks promising:
I guess that 1 coin is worth 0.00226 oz of gold. This would mean they physically have to hold almost 4000 oz of gold to cover the current circulating supply of coins and 22,000 oz of gold to cover the total supply so mostly ETFs.
I think GDAX does. 1 GDZX is worth .ooo1 gram of gold but I don't know if I believe it.
Cheers.
Sorry.. It's not GDAX (that's an exchange). I looked it up and there are several but it seems more like an ETF but MNTP looks promising:
I guess that 1 coin is worth 0.00226 oz of gold. This would mean they physically have to hold almost 4000 oz of gold to cover the current circulating supply of coins and 22,000 oz of gold to cover the total supply so mostly ETFs.
DGD is doing really well today.