[Bitwise CEO Compares Gold and Bitcoin ETFs: Both Had Market Sizes of Around $2 Trillion at Launch] Bitwise CEO Hunter Horsley posted on the X platform, stating that when the gold ETF was launched in 2004, the global gold market size was approximately $2.5 trillion. When the Bitcoin ETF is launched in 2024, the overall Bitcoin market size will be around $2 trillion. Horsley used this comparison of the market contexts at the time of the gold ETF and Bitcoin ETF launches to highlight that both asset classes already had significant market sizes when their ETF products entered the market. The U.S. spot Bitcoin ETF, approved for listing in 2024, provides traditional investors with a new channel to allocate BTC through regulated financial products. Similarly, after the gold ETF was introduced in the early 2000s, it gradually became an important tool for institutional and individual investors to participate in the gold market.