#SECETFApproval This historic approval opened the doors for institutional and retail investors to access the cryptocurrency market more easily and in a regulated manner.

Summary:

What are spot Bitcoin ETFs?

They are exchange-traded funds that track the price of Bitcoin and allow investors to buy shares of the fund, instead of buying Bitcoin directly.

SEC Approval:

The SEC approved the trading of spot Bitcoin ETFs in January 2024, paving the way for greater institutional and retail adoption.