Historic Success of US-Based Spot Bitcoin ETFs
- The first US Spot Bitcoin ETFs launched on January 11, 2024.
- These ETFs have become the largest holders of Bitcoin, driving its price above $100,000.
- The SEC approved the first 11 Spot Bitcoin ETF applications on January 10, 2024.
- US-based Spot Bitcoin ETFs control approximately $107.64 billion in assets, about 5.75% of the total Bitcoin market cap.
- Cumulative net inflows for these ETFs reached $36.22 billion in their first year.
In just one year since their launch, US-based Spot Bitcoin ETFs have significantly impacted the cryptocurrency market by controlling $107.64 billion in assets and contributing to a rise in Bitcoin’s price over $100,000.
