2024-03-15 04:40:00 ET
Summary
- In January 2024, 10 spot Bitcoin ETFs launched in the U.S. after receiving approval from the SEC.
- U.S. spot Bitcoin ETFs brought in a total of $9.6 billion in net fund flows since inception.
- After a short decline, trading volumes in U.S. spot Bitcoin ETFs started to pick back up in February.
By Kevin Davis
In January 2024, 10 spot Bitcoin ETFs launched in the U.S. after receiving approval from the Securities and Exchange Commission (SEC). It has been nearly a decade since the first spot Bitcoin ETF was filed and numerous milestones have been achieved along the way to get to this point. In late February 2021, Purpose Investments listed the world's first spot Bitcoin ETF in Canada. Eight months later, the first U.S. Bitcoin futures-based ETF was listed and gathered $1 billion in assets in just two days. In 2022, Global X and 21Shares partnered to list the first Australia Bitcoin ETF on Cboe. Europe followed suit in 2023, listing its first spot Bitcoin ETF from Jacobi Asset Management. After more than 20 U.S. exchange rule filings had been disapproved since 2017, 10 spot Bitcoin ETF filings received SEC approval in January 2024. Of those 10 spot Bitcoin ETF filings, six were filed by Cboe as the primary listing exchange....
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For further details see:
How Spot Bitcoin ETFs Are Performing Across Exchanges