Bitwise CEO Compares Gold and Bitcoin ETF Market Sizes, Both Around $2 Trillion

Bitwise CEO Hunter Horsley posted on the X platform, noting that when gold ETFs were launched in 2004, the global gold market size was approximately $2.5 trillion; whereas, when Bitcoin ETFs are expected to launch in 2024, the overall market size of Bitcoin is estimated to be around $2 trillion. Horsley emphasized that both asset classes had substantial asset sizes at the stage when ETF products entered the market. The U.S. spot Bitcoin ETF is expected to be approved for listing in 2024, providing traditional investors with a new channel to allocate BTC through regulated financial products. Since the launch of gold ETFs in the early 2000s, they have gradually become an important tool for institutional and individual investors to participate in the gold market.

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