Mind blowing.

On November 18, 2004, the SPDR (State Street) Gold ETF (GLD) was introduced.

In the subsequent 8 years gold’s price quadrupled+ from $400 to $1,800 adding ~$8 Trillion in market cap going from ~$2 Trillion to ~$10 Trillion.

Bitcoin ETF inflows are on a faster pace but the sample size is one year.