TMTPOST– Despite gold prices hitting new highs and attracting significant investor interest this year, global hedge fund giant Bridgewater (China) has been rapidly reducing its gold ETF holdings. Recent reports indicate that since mid-2022, Bridgewater (China), once a steadfast holder of gold ETFs, has aggressively sold off its positions in the first half of 2023. For instance, by the end of 2023, Bridgewater held 31.59 million units of the E Fund Gold ETF. However, during the first half of this year, the firm sold at least 27.6 million units. Given hedge funds' strategic asset allocation approaches, such large-scale sell-offs typically indicate a decision to liquidate the asset class entirely. Similar sell-offs have also been observed with other gold ETFs, including the Bosera Gold ETF and the Huaan Gold ETF.