When the Gold ETF was introduced in 2003, gold did a 5x. Asset ETFs are like a prototype of "tokenization" of assets. What ETFs and tokenization mean for the future of crypto.

The very 1st Gold ETF was introduced in 2003 by State Street Global Advisors, it was also known as the "SPDR Gold Trust". Since then the price of gold did a remarkable 5x.

Gold chart 1980 to now

This commodity ETF opens up the ability for people to invest in gold without having the need to own physical gold. It can be held or traded much easier and can explain why the price of gold could increase so high.

<Sidenote>: Imagine a spot crypto ETF to be introduced and what it could mean for its price and the whole crypto mcap <Sidenot end>

But turning asset/commodities into ETFs will be a thing of the past with the new blockchain technology, the keyword is Tokenization:

BlackROCK's CEO Larry Fink says: \"...[tokens are]...the next generation for markets...\"

This could be the use case numero uno to catapult blockchain into mass adoption. Turning assets into "tokens" of blockchains is the future. It will turn asset markets into 365 days 24/7 working marketplace like it is already in the crypto world.

Despite all the bearish sentiment now, the blockchain technology will play a very vital role in all (!) marketplaces/social media/anywhere to validate authenticity and this fact will reflect in the crypto price in the future to come.