Bitcoin Spot ETF Approval

The January 10, 2024 decision by the U.S. Securities and Exchange Commission to approve 11 spot Bitcoin exchange-traded funds, including offerings from major asset managers like BlackRock and Fidelity. This landmark regulatory development enabled mainstream investors to gain Bitcoin exposure through traditional brokerage accounts without directly holding the asset. The approval came after years of rejected applications and represented a significant step toward institutional adoption of cryptocurrency.

Categories: crypto history, regulatory frameworks