Spot Bitcoin (CRYPTO: BTC) ETFs, which hit the 1-year mark last week, had a banner first year transforming the Bitcoin market and bridging crypto with traditional finance.
Approved by the Securities and Exchange Commission on Jan. 10, 2024, and hitting the market the following day, the total net assets held by the ETFs surged to $129 billion in 2024. BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) alone gained $40.8 billion in inflows, as of December 2024, according to data by Coinshares issued to Cointelegraph.
The fund dominated the competition, pulling in nearly three times more inflows than its closest rival. The Fidelity Wise Origin Bitcoin …
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