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      Bitwise CEO Compares Gold and Bitcoin ETFs: Both Launched When Market Size Was Around $2 Trillion

      PANews, October 12 — Bitwise CEO Hunter Horsley posted on X that when the gold ETF launched in 2004, the global gold market was worth about $2.5 trillion; when the Bitcoin ETF launched in 2024, Bitcoin's overall market size was about $2 trillion.

      Horsley used this to compare the market backdrop at the launch of the gold ETF and the Bitcoin ETF, noting that both asset classes already had substantial market size when their ETF products entered the market.

      The U.S. spot Bitcoin ETF was approved for listing in 2024, giving traditional investors a new channel to allocate to BTC through regulated financial products. The gold ETF, launched in the early 2000s, gradually became an important tool for institutional and individual investors to participate in the gold market.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud