The landmark approval of spot Bitcoin ETFs in the US ushered in a new wave of legitimacy for crypto investments. Within six months, these ETFs skyrocketed to hold more than $50 billion, becoming the fastest-growing ETFs in US history. This meteoric rise has not only elevated Bitcoin's standing but also transformed investor behaviors and market dynamics. Among these ETFs, BlackRock’s IBIT made headlines for...
Spot Bitcoin ETFs six months on – explosive growth, reshaping investor landscapes Spot Bitcoin ETFs six months on – explosive growth, reshaping investor landscapes
Spot Bitcoin ETFs reshape crypto market with rapid asset accumulation.
3 min read
Updated: Jul. 8, 2024 at 1:37 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
