The first year of spot Bitcoin ETFs has been a game-changer for the crypto industry. Launched on January 10, 2024, these ETFs bridged traditional finance with digital assets. The U.S. Securities and Exchange Commission (SEC) approved them after years of regulatory challenges, market anticipation, and lobbying efforts. Initially, the SEC was hesitant due to concerns about market manipulation, liquidity, and surveillance-sharing agreements. However, by late 2023, enhanced market oversight mechanisms and pressure from financial institutions and investors led to a change in stance. These ETFs attracted over 1.1 million BTC under management by year-end, offering a regulated, accessible investment vehicle. This success has solidified Bitcoin’s place in institutional portfolios, alongside traditional assets like stocks and bonds.
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