Bitwise CEO Comparing gold and Bitcoin ETF market sizes at launch
BIBIBI
AT A GLANCE
Hunter Horsley said that, when gold and Bitcoin ETF were launched, their respective market sizes had both reached approximately 2000000000000 USD level.
Article
Bitwise CEO Comparing gold and Bitcoin ETF: When the two were launched, their market sizes were both approximately 2000000000000 USD level
PANews October 12 reported that Bitwise CEO Hunter Horsley posted on X that, 2004 years after gold ETF was launched, the global gold market was approximately 2500000000000 USD；2024 years after Bitcoin ETF was launched, Bitcoin's overall market size was approximately 2000000000000 USD. Horsley used this to compare gold ETF and Bitcoin ETF and their market backgrounds at launch, noting that both types of assets ETF had already reached considerable asset scale when the products entered the market. The U.S. spot Bitcoin ETF was approved for listing in 2024, providing traditional investors with a new channel for gaining exposure to BTC. Gold ETF, meanwhile, after being launched in the early 2000 s, gradually became an important tool for institutional and individual investors to participate in the gold market.
PANews said that Bitwise CEO Hunter Horsley published the comparison on X.
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Horsley said that, 2004 years after gold ETF was launched, the global gold market was approximately 2500000000000 USD。
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Horsley said that, 2024 years after Bitcoin ETF was launched, Bitcoin's overall market size was approximately 2000000000000 USD。
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The original text states that the U.S. spot Bitcoin ETF was approved for listing in 2024.
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The original text states that gold ETF was launched in the early 2000 s and gradually became an important tool for institutional and individual investors to participate in the gold market.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Horsley was comparing how large the corresponding asset markets already were when two types of ETF first entered the market. The figures he provided show that neither was a very small market at the time. However, this is only a comparison of historical scale and market background; it does not mean that the two types of assets would have the same performance, risks, or subsequent development.
Why it matters to readers
This comparison can be used to discuss the market foundation Bitcoin had when it entered traditional investment channels through ETF. The original text also states that spot Bitcoin ETF provided traditional investors with a new channel for gaining exposure to BTC through regulated financial products.
Beginners can understand ETF as a product that enables participation in the relevant asset through the financial markets; this news mainly provides a background comparison and does not provide new information on approvals, capital flows, or prices.
Risks and unknowns
The evidence does not provide a link to Horsley's original X post, so his full wording cannot be directly verified.
Approximately 2500000000000 USD and approximately 2000000000000 USD; the methodology and sources for these figures are not specified in the evidence.
Similar market sizes do not prove that gold and Bitcoin have the same risks, demand, or development paths.
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ETF
An exchange-traded fund (ETF) is a fund product that can be traded on the market like a stock.
