Sprott Physical Gold Trust Surpasses $10 Billion in Net Asset Value

Bitfarms ( (TSE:BITF) ) has shared an announcement.

Sprott Physical Gold Trust, managed by Sprott Inc., has reached a net asset value of $10 billion, marking a significant milestone since its inception in 2010. This achievement highlights the growing demand for secure and convenient investment in physical gold, especially as global central bank purchases drive gold prices to new highs in 2025. The Trust’s fully allocated and redeemable gold holdings provide investors with a reliable alternative to direct gold bullion investment, reflecting Sprott’s expertise in precious metals asset management.

More about Bitfarms

Sprott Inc. is a global asset manager specializing in investments in precious metals and critical materials. The company offers a range of investment strategies, including Exchange Listed Products, Managed Equities, and Private Strategies. Sprott operates offices in Toronto, New York, Connecticut, and California, and its shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol SII.

YTD Price Performance: -31.06%

Average Trading Volume: 39,358,693

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $500.7M

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