Bitcoin ETF’s and the race to institutionalise crypto
2024 was pivotal for bitcoin (BTC-USD) and the broader cryptocurrency market, fuelled by a surge in institutional adoption through the introduction of bitcoin and ether (ETH-USD) exchange-traded funds (ETFs).
January 2024 saw the debut of the first spot bitcoin ETFs, connecting traditional finance with the digital asset market, attracting substantial interest from both retail and institutional investors. With over $100bn (£79.75bn) in assets under management within the first year, these ETFs demonstrated robust demand for regulated bitcoin exposure.
By mid-December 2024, bitcoin surpassed $100,000 for the first time. Additionally, the cryptocurrency market cap reached an all-time high of $3.8tn in the same month, reflecting the…
