Reported 1 day ago
Since the launch of spot Bitcoin ETFs in January 2024, Bitcoin has experienced unprecedented adoption from institutional investors, leading to significant price gains. Unlike earlier ETFs that relied on futures contracts, spot ETFs allow direct ownership of Bitcoin, closely mirroring its price and enhancing accessibility. With record contributions from institutions, including a rapid increase in the number holding these ETFs, the potential impact on Bitcoin's future value could be substantial, with analysts predicting significant allocations from institutional assets.
Source: YAHOO