As the Bitcoin price is targeting 2022 highs in the wake of the 2024 halving, the crypto market seems to be as bullish as one can get. One major factor was the SEC’s approval of spot Bitcoin ETFs in January. While initial skepticism prevailed among investors and traders, both within and outside the crypto realm, the landscape has since evolved.
Here’s a breakdown of the Bitcoin ETFs so far as well as key lessons we could learn from the world’s largest asset manager’s strategy.
Not great start, but have patience
The decision from the SEC had been strongly anticipated for months ahead. The market has sought a spot Bitcoin ETF as a means to engage U.S. retail investors through an affordable, secure and regulated investment vehicle.
Despite persistent demand, the SEC has consistently rejected such applications, citing concerns over the lack of investor protections due to Bitcoin price…
