One year ago today, Gary Gensler and the Securities and Exchange Commission (SEC) finally capitulated and approved the trading of spot bitcoin exchange traded funds (ETF) to go live the next day. These ETFs would go on to be the best performing ETFs in history, with BlackRock’s ETF $IBIT leading the charge, taking in over $52 billion inflows alone.

A new wave of exchange-traded funds holding bitcoin attracted about $37 billion of total net flows in their first year of trading, fueling a monster rally in the cryptocurrency along the way. Regulato

Spot bitcoin ETFs began trading a year ago, opening up the crypto market to a wider range of investors and paving the way for more such products.

Bitcoin ETFs have acquired 5.74% of BTC’s circulating supply since Jan. 11, 2024. An estimated 152 major international entities (governments, companies, etc.) own a 14.04%