Bitcoin ETFs
In January 2024, the U.S. Securities and Exchange Commission authorized U.S. exchange-traded products to buy and hold Bitcoin directly on behalf of their investors.
Before that, ETFs were only permitted to gain indirect exposure to bitcoin through futures contracts. In October 2024, the SEC approved options contracts on select spot Bitcoin ETFs.
As of November 2024, there were 36 Bitcoin spot ETFs, with combined assets exceeding $61 billion.
