Spot Bitcoin ETFs One Year After US Launch: Here’s How Funds Have Fared So Far

Spot Bitcoin ETFs One Year After US Launch: Here’s How Funds Have Fared So Far
The introduction of Spot Bitcoin exchange-traded funds (ETFs) in the United States marked a historic milestone for the cryptocurrency market. These Spot Bitcoin ETFs, which first went live in the US on January 11, 2024, have had massive success in just one year, making them the greatest ETF launch in history. Related Reading: Bitcoin Price Under Threat: $12,000 Void Opens Up Possibility Of Crash Toward $75,000 As it stands, US-based Spot Bitcoin ETFs have now become one of the major drivers of Bitcoin’s price growth and played a huge role in Bitcoin’s break above $100,000. Furthermore, these US-based Spot Bitcoin ETFs are now collectively the biggest holders of Bitcoin. Performance Metrics Of US-Based Spot Bitcoin ETFs For years, the US Securities and Exchange Commission (SEC) resisted the approval of Spot Bitcoin ETFs, making their eventual approval in January 2024 a notable turning point for the crypto industry. Particularly, the SEC approved the first 11 Spot Bitcoin ETF applications on January 10, 2024. All the Spot Bitcoin ETFs have demonstrated a positive performance in their inaugural year except for Grayscale’s GBTC. The launch ..

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