How Spot Bitcoin ETFs Changed Crypto Investing In the Year Since Launch
Key Takeaways
- Spot bitcoin ETFs, which launched a year ago, made it easier for investors to gain exposure to the cryptocurrency.
- Investors poured billions into bitcoin ETFs, which helped push bitcoin prices to multiple all-time highs during 2024.
- The success of the spot bitcoin ETFs led to the approval of spot ether ETFs, and approvals could soon be seen for other crypto assets as well.
In their first full year of trading, spot bitcoin exchange-traded funds may have fundamentally altered the way investors view cryptocurrency investments.
Spot bitcoin ETFs began trading on Jan 11, 2024, opening up the crypto market to a wider range of investors and paving the way for more such products. The launch also played a role in boosting the…
