PANews October 12 news: Bitwise CEO Hunter Horsley posted on the X platform that when gold ETFs were launched in 2004, the global gold market size was approximately $2.5 trillion; when Bitcoin ETFs were launched in 2024, the overall Bitcoin market size was approximately $2 trillion.
Horsley used this to compare the market backdrop at the time of the launch of gold ETFs and Bitcoin ETFs, pointing out that both types of assets already had relatively large asset scales by the time ETF products entered the market.
U.S. spot Bitcoin ETFs were approved for listing in 2024, providing traditional investors with a new channel to allocate to BTC through regulated financial products. Gold ETFs, after being launched in the early 2000s, gradually became an important tool for institutional and individual investors to participate in the gold market.