iShares Gold Trust Micro

iShares Gold Trust Micro is a U.S.-formed grantor trust that issues shares representing fractional interests in gold bullion held by a custodian. Its structure is designed to give investors exposure to the price of gold through exchange-traded shares on NYSE Arca, with creation and redemption handled in large baskets by authorized participants.

— iShares Gold Trust Micro
%
Exchange-traded gold exposure100% Shares that provide fractional beneficial interests in gold bullion held by the Trust.

The Trust is used by investors who want liquid, exchange-traded exposure to gold without holding bullion directly...

  • Retail investorsprimary

    Buy shares on NYSE Arca for convenient gold exposure through standard brokerage accounts.

  • Institutional investorsprimary

    Use the Trust for portfolio diversification, inflation hedging, or tactical gold exposure.

  • Authorized participantssecondary

    Create and redeem baskets of shares in exchange for gold to support market liquidity.

  • Secondary-market traderssecondary

    Trade shares around NAV and use arbitrage opportunities tied to gold pricing.

The Trust is organized in New York, with the sponsor based in the United States and shares listed on NYSE Arca...

  • •Formed under New York law in the United States
  • •Shares trade on NYSE Arca in the U.S. market
  • •Gold is custodied through JPMorgan Chase Bank N.A., London Branch
  • •Valuation references the LBMA Gold Price in London
  • •No operating manufacturing or sales footprint

The Trust’s core strategy is to maintain a passive structure that tracks the price of gold as closely as possible...

01
Maintain close tracking to gold pricesshort-term

The Trust exists to mirror bullion performance, so benchmark selection and NAV calculation are central.

02
Preserve creation/redemption efficiencymedium-term

Basket transactions help keep market price near NAV and support liquidity in the shares.

03
Maintain custody and benchmark integritylong-term

Investor confidence depends on secure bullion storage and reliable pricing references.

The Trust is exposed to gold price volatility because its value is intended to move with bullion prices and it does not...

high

Gold price volatility

The Trust is passive and does not hedge against declines in bullion prices.

Scope
Share value and NAV
Materiality
high
high

Benchmark disruption or loss of confidence in LBMA Gold Price

NAV depends on the benchmark used to value the bullion each day.

Scope
Valuation and investor returns
Materiality
high
medium

Premium/discount to NAV

Secondary-market trading can diverge from underlying gold value due to liquidity and timing effects.

Scope
Trading price
Materiality
medium
medium

Cybersecurity and service-provider disruption

The Trust relies on external systems for custody, NAV calculation, and trading support.

Scope
Operations and records
Materiality
medium
medium

Sponsor conflict of interest

The sponsor and affiliates manage other gold and precious-metals products.

Scope
Governance and allocation of attention
Materiality
medium
Fair value measurement of gold bullion
Directly affects NAV and per-share value
Accrued fees and liabilities
Affects net asset value and expense recognition
Share creation/redemption accounting
Affects share count, NAV per share, and gold holdings

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: 29/04/2026