Crypto’s Defining Year: 2024 Milestones Set the Course for 2025
Here is an overview of the standout developments from 2024 and how they might impact the industry this year:
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Eleven New Spot Bitcoin ETFs Approved
In a breakthrough widely viewed as opening the gates for mainstream adoption of digital assets, the U.S. Securities and Exchange Commission greenlit 11 spot Bitcoin exchange-traded funds. Industry titans including BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck secured approvals. Trading began on Jan. 11, with initial inflows surpassing expectations.
Market participants say this ETF stamp of approval has set a new benchmark for regulatory clarity, potentially spurring further institutional demand for cryptocurrency in 2025. The launch also paved the way for subsequent…
