🥇 First U.S. Gold ETF

On November 18, 2004 the first gold ETF was launched in U.S. It was the first ETF in U.S. to be backed by a physical asset. And the most successfull one for its time, reaching $1B in Assets Under Management in 3 days. While the very first gold ETF was launched in 2003 in Australia, however, the Australian market was relatively small, limiting its initial global impact. Approximately 10 years later Bitcoin ETFs launched in January 2024 ecclipsed the success of gold, reached the $1B mark in a single day.