tribunomercado

#tribunomercado Bitcoin, Spot ETFs and the New Language of Institutional Investment
The approval of spot Bitcoin ETFs in 2024 transformed institutional access, redefining the market and validating its inclusion in portfolios, although volatility persists. For years, the relationship between Bitcoin and institutional investment has been an open question: how to access such a volatile asset, without clear regulation or structured channels? That regulatory gap was closed in January 2024 with the approval of spot Bitcoin ETFs in the US, an event that, rather than just facilitating access, redefined the rules of the game.
Almost a year and a half later, those same ETFs not only channel millions of dollars in capital flows into the markets but are also serving as an official and universal thermometer that measures the degree of interest this asset class generates among investors. Moreover, their success is generating a structural transformation in both passive and active management industries, allowing access to strategies previously reserved for a select few. But it has also become a formal gateway for institutional capital. Spot Bitcoin ETFs have been, without exaggeration, the dominant factor behind the revaluation of the most emblematic of crypto-assets in the last 18 months. To the extent that their impact goes far beyond their own listing. In fact, their existence is a formal validation of this crypto-asset as a legitimate component in institutional portfolios.