ETFs, Trump and Record Highs Define Crypto’s 2024 Surge
- The SEC’s approval of Spot Bitcoin ETFs in January led to record-breaking adoption, with BlackRock’s fund alone accumulating over US$51 billion in Bitcoin holdings.
- Donald Trump transformed from a crypto sceptic to an advocate, promising to make the US a global crypto leader after winning the November presidential election.
- Bitcoin achieved several new all-time highs in 2024, first reaching US$73k in March before surging to US$108k in December following Trump’s victory.
- Major institutions embraced crypto throughout the year, with Morgan Stanley offering Bitcoin ETFs to wealthy clients and UBS launching an Ethereum-based money market fund.
If you had to describe the 2024 crypto-year in one short…
