From Nasdaq:

In 2024, Bitcoin spot ETFs finally gained approval and flooded the market after years of rejections. This shift not only lived up to the hype but also reshaped the perception of Bitcoin’s risk profile, driving up its price and AUM to over $57B and 830,000 BTC, surpassing even top holders like Satoshi.

The approval of Bitcoin ETFs by the SEC is a significant milestone, making it easier for traditional investors to access and hold Bitcoin. Institutions like Fidelity Canada adding Bitcoin ETFs to conservative portfolios show a growing acceptance of crypto assets among traditional financial players, signaling a potential transformation in the investment landscape.

With daily ETF flows exceeding $1B post-all-time high, Bitcoin’s price gains are fueling further gains, creating a self-reinforcing cycle. Despite this bullish trend, factors like the upcoming halving, technological advancements, and the potential for Bitcoin to surpass gold market cap, depend on broader adoption including nation states considering it for their reserves.

While El Salvador holds Bitcoin reserves and profits, broader adoption by nation states could establish Bitcoin as a neutral reserve currency amid shifting geopolitical dynamics. Copycat moves and a slow but evident acceptance of Bitcoin in various sectors point to a potential future where Bitcoin plays a more significant role in global financial systems.



Read more at Nasdaq: Slowly For Now, ETFs Are Making Bitcoin a ‘Conservative’ Investment