How is TGLD related to SPDR GLD?
TGLD maintain 1:100 peg with SPDR GLD.
Is there an actual investment in SPDR GLD? Is a certain amount of the fund of LeoStrategy used in SPDR GLD?
No.
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How is TGLD related to SPDR GLD?
TGLD maintain 1:100 peg with SPDR GLD.
Is there an actual investment in SPDR GLD? Is a certain amount of the fund of LeoStrategy used in SPDR GLD?
No.
So is the tokenization mechanic of TGLD focusing only on SPDR GLD's price?
Hmm and backed by leostrategy. If you are curious to know more, you can read the documents I added in the ending of my post.