Crypto Edges Towards Mass Adoption With SEC Approval Of Options For BTC ETFs
Crypto Bitcoin Approval – ETF -US. SEC – Photo Illustration
2024 has been the year of improving trust and investor confidence in crypto with the SEC approval and launch of Exchange-Traded Funds (ETFs) for spot bitcoin (BTC) followed by ether (ETH).
The AUM for spot BTC ETFs has the crossed the $50 billion mark in less than a year as both retail and institutional investors adopted this instrument for exposure to crypto. According to data from CoinGlass, spot BTC ETFs have delivered mostly positive net inflows since their launch.
Total Bitcoin Spot ETF Net Inflow (USD)
Because bitcoin is a volatile asset, and regulatory concerns remain, several TradFi players, especially smaller ones, do not deal…
