Is this the dawn of a new crypto era? – Justin Arzadon
Bitcoin’s latest bull market has been fuelled by a steady stream of positive news. Most recently, Coinbase became the first crypto-native company to join the S&P 500 – in what is a landmark moment for the asset class. And the momentum may be far from over.
A recap of what’s been happening
After years of delay, the SEC finally approved spot Bitcoin ETFs in late 2023. 11 spot Bitcoin ETFs received the green light to begin trading in January 2024. Over US$108 billion of AUM has been invested in these ETFs, as at the end of April 20251.
It took only 50 days after launch for one ETF to reach US$10 billion in AUM, shattering a record in the process. Another record was broken when the same spot Bitcoin ETF reached US$50…
