On This Day In Bitcoin History

Today we mark 2 years since Bitcoin hit another major milestone in its path to mainstream adoption with not one, but 10 spot BTC ETFs being approved at the same time.

The Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs) on January 10 2024 came after many years of rejection and suppression of Bitcoin as a legitimate asset for institutional investors and was a big deal for crypto investment in the United States. Bitcoin ETFs provide a scalable bridge from traditional finance to crypto — a pivotal integration point. “This is the moment that crypto’s gone mainstream,” said Brett Tejpaul, the head of Coinbase Institutional, speaking on a panel discussing the impact of the Bitcoin ETF at Chainalysis Links NYC 2024.

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