# KGLD Bid-Ask Spread, Liquidity and NAV Premium

> As of Oct 22, 2026, KGLD’s median bid-ask spread over 30 days was 0.19%. A $10,000 order costs about $9.50 one way.

Data as of Oct 22, 2026. Rebuilt every trading night.

As of Oct 22, 2026. Rebuilt every trading night.

## KGLD bid-ask spread and liquidity

As of Oct 22, 2026, KGLD’s median bid-ask spread over 30 days was 0.19%.

### IQ Liquidity Score

Not scored, 2 of 6 measured.

A fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund can be bought and sold, not whether to own it. How the score is built

Cost to trade, 51.1 0.19% median spread, 30 days to Oct 22, 2026 Capacity Not measured: its book carries no long weight outside cash Price fidelity Not measured: 6 days of closing premium are held, under the 20 needed Primary market, 45.0 2 active dealers of 2; largest 63% of creations and redemptions, N-CEN to May 31, 2026 Bad-day behaviour Not measured: 0 of the 10 worst days and 6 other days are held, under the 5 and 60 needed Depth Not measured: needs trade and quote data (Phase 2)

### Cost for your order

| Order | Dollars | Percent | Basis |
| --- | --- | --- | --- |
| $1,000 | $0.95 | 0.095% | spread |
| $10,000 | $9.50 | 0.095% | spread |

### Premium or discount to NAV

- Latest close, Oct 22, 2026: −0.08%

- 95% of days within: ±0.44%

- Days more than 1% from NAV: 0 of 6

- Widest: +0.44%, Sep 11, 2026

Close against the NAV its issuer struck the same day, 6 days from Sep 11, 2026 to Oct 22, 2026. Source: ETFIQ from the issuer’s NAV and closing price.

### Capacity

Not measured: its book carries no long weight outside cash.

### Dealers

2 active of 2 authorized participants; the largest did 63% of creations and redemptions, in the year to May 31, 2026 (Form N-CEN filed Aug 14, 2026).

The active authorized participants, largest first, by share of the dollars created and redeemed: Goldman Sachs & Co. LLC (62.5%), Merrill Lynch Professional Clearing Corp. (37.5%).

### How to trade KGLD

Order type Limit: midpoint + 3¢ to buy, midpoint − 3¢ to sell. At the Oct 22 close of $24.46, that’s $24.49 to buy and $24.43 to sell. When ETF spreads are usually widest in the first minutes after the open and the last minutes before the close. ETFIQ measures this fund’s own day once it has trade data. Watch The premium. On 95% of days it is within ±0.44%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth.

### Coming with trade data

Spread through the day, buyers against sellers, an estimate of retail flow, large trades and the closing auction’s share, each once ETFIQ has trade and quote data.

### Questions people ask

What is KGLD’s bid-ask spread? 0.19% of the midpoint, the median over the 30 days to Oct 22, 2026, as its issuer states it. Half of it is about 3¢ a share at the Oct 22 close. Does KGLD trade at a premium or discount to NAV? It closed −0.08% from its NAV on Oct 22, 2026. On 95% of the 6 days to then it was within ±0.44%, and it closed more than 1% from NAV on 0 of them. Who is the AP for KGLD? KGLD’s latest Form N-CEN, for the period ending May 31, 2026, lists 2 authorized participants (APs), and 2 created or redeemed shares. The largest were Goldman Sachs & Co. LLC (62.5%), Merrill Lynch Professional Clearing Corp. (37.5%) of the dollars its APs created and redeemed. Who is the LMM for KGLD? KGLD’s lead market maker (LMM) on Cboe BZX is Wolverine Trading, LLC. Lead market maker per Cboe BZX, as of Oct 23, 2026. What does it cost to trade $10,000 of KGLD? About $9.50 one way, 0.095%: half its 30-day median spread. In and out costs twice that. How do I place a limit order for KGLD? Set the limit at the midpoint + 3¢ to buy, or the midpoint − 3¢ to sell, in your broker’s quote. At the Oct 22 close of $24.46, that’s $24.49 to buy and $24.43 to sell.

### Sources and dates

- Spread: Kurv (fund page), 30 days to Oct 22, 2026 ( the issuer’s page ).

- Premium: ETFIQ, close against the issuer’s NAV, Sep 11, 2026 to Oct 22, 2026.

- Dealers: Form N-CEN, the year to May 31, 2026, accession 0001193125-26-352357.

### Where to next

The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, KGLD trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/kgld/trading/
Licence: https://etfiq.com/license/ Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/funds/kgld/trading/