Since the beginning of this year, the price of gold has repeatedly hit new highs and attracted market attention, with a large number of investors flocking to buy the Bridgewater (China) Sale Gold ETF. On the contrary, amidst the cheers for the rise in gold prices, global hedge fund giant Bridgewater is rapidly retreating. According to regular reports from multiple gold ETFs, Bridgewater (China), which has been firmly holding gold ETFs since mid-2022, sold heavily in the first half of this year. For example, by the end of 2023, Bridgewater held 31.59 million shares of the E Fund Gold ETF, and sold at least 27.6 million shares in the first half of this year. Considering the allocation strategy of hedge funds for major asset classes, when selling a certain type of asset at such a ratio, it is more likely to choose liquidation and sale. Similar situations also occurred on the Boshi Gold ETF and the Hua'an Gold ETF.