$BTC After the launch of spot Bitcoin ETFs in the US - classic funds based on $BTC $ETH . This event became an important point in the adoption of cryptocurrencies at the state level - and all this in the context of many years of pressure from the Securities and Exchange Commission and the US stock market on the industry.
On the day of the launch of the Bitcoin ETF, the volume of fund trading reached $4.5 billion.
During the year, ETF issuers have already accumulated 6.22% of the entire BTC emission. Of these, 74% fall on the three largest funds - Blackrock, Fidelity and Grayscale.
The success of the BTC-based ETF led to the rapid launch of funds based on ETH - the second cryptocurrency in the world on the Ethereum blockchain. They were launched in July 2024.
By the end of the year, the total assets under management of the Bitcoin ETF exceeded $70 billion – 53% of the gold-based ETF ($138 billion), which was launched in 2004.