The New Market Landscape After the Approval of Bitcoin Spot ETF
At the beginning of 2024, the U.S. SEC officially approved the Bitcoin spot ETF, marking the entry of cryptocurrencies into the mainstream financial system. ETF products launched by institutions like BlackRock and Fidelity attracted a massive influx of funds, driving Bitcoin prices to break historical highs. The approval of the ETF not only enhanced market liquidity but also changed the structure of investors—traditional institutions became significant participants. In the future, as expectations for Ethereum ETFs heat up, the crypto market may welcome broader institutional allocation. Investors need to pay attention to ETF fund flows, which will become one of the key indicators affecting coin prices.
