BetaPro Gold Bullion -2x Daily Bear ETF
GLDD.TO
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- BetaPro Gold Bullion -2x Daily Bear ETF (GLDD.TO) is an exchange-traded fund that seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, corresponding to two times (200%) the inverse of the daily performance of the Solactive Gold Front Month MD Rolling Futures Index ER; it provides amplified inverse exposure to short-term fluctuations in gold futures prices without requiring a margin account. The ETF utilizes financial derivatives such as forward contracts on gold futures, which are rolled to subsequent delivery months, and may include swaps, options, or futures to achieve its leveraged bear objective; it is denominated in Canadian dollars with U.S. dollar gains or losses hedged back to CAD, and targets sophisticated traders for daily speculation or hedging rather than long-term holding due to compounding effects and volatility decay. Launched on January 22, 2008, and listed on the Toronto Stock Exchange, GLDD operates within the commodity ETF segment, focusing on gold bullion futures for Canadian investors across registered and non-registered accounts. BetaPro Gold Bullion -2x Daily Bear ETF is managed by Global X Investments Canada Inc., with BetaPro ETFs forming a suite of leveraged, inverse, and inverse-leveraged products backed by the Mirae Asset Financial Group; the broader BetaPro platform, headquartered in Canada, offers exposure to indices like Nasdaq-100, S&P 500, TSX 60, and commodities including oil and Bitcoin, serving active traders seeking directional bets or downside protection. In recent developments, Cboe Canada listed new BetaPro ETFs from Global X in August 2025, expanding the partnership and product lineup with 3x leveraged and inverse offerings to enhance accessibility for investors. As of December 2025, the ETF maintains net assets of approximately $4.9 million, a management fee of 1.15%, a management expense ratio of 2.02%, and a trading expense ratio of 0.91%, reflecting its high-risk, speculative profile suitable for short-term strategies amid ongoing gold market dynamics.