Bitcoin ETFs

In early 2024, the cryptocurrency industry celebrated one of its biggest victories in a long time: the approval of the first spot Bitcoin exchange-traded fund (ETF) in the United States. On January 10, 2024, the U.S. Securities and Exchange Commission (SEC) said yes after years of a hard no, approving 11 applicants to offer spot Bitcoin ETFs in the country. This comes nearly three years after a similar decision in neighbouring Canada.