Outside Source
Many executives and analysts predicted the success of US spot Bitcoin ETFs in 2024, but the funds surpassed expectations.
News
The first year of spot Bitcoin exchange-traded funds (ETF) in the US exceeded all expectations, marking a historic debut that reshaped both the Bitcoin market and traditional finance.
Following approval from the US Securities and Exchange Commission on Jan. 10, 2024, US spot Bitcoin (BTC) ETFs began trading the following day.
In less than a year, they have contributed to 100% of the $44.2 billion in inflows to crypto investment products globally.
This article first appeared at Cointelegraph.com News
