The 10 Pivotal Bitcoin and Crypto Events of 2024
The 10 Pivotal Bitcoin and Crypto Events of 2024
👇1-12) Blackrock's iShares Bitcoin Trust has garnered $19.0 billion in inflows year-to-date, making it the fourth most successful ETF this year. Vanguard's SP500 ETF attracted $49.9 billion, Blackrock's SP500 ETF brought in $34 billion, and Vanguard's Total Stock Market ETF saw $19.7 billion. Invesco’s QQQ Nasdaq ETF followed closely with $18.9 billion in inflows.
👇2-12) What were the key events in 2024 driving the massive inflow into Bitcoin ETFs, resulting in Bitcoin outperforming all other asset classes with a +57% year-to-date gain? While crypto investors are often seen as impatient, it's crucial to acknowledge the significant strides cryptocurrencies have made in mainstream finance. Looking ahead, potentially more transformative events are on the horizon, promising further integration and growth for Bitcoin and the broader crypto market.
Below, we look back at the key events (so far) in 2024:
👇3-12) On January 11, 2024, the SEC approved and launched 11 spot Bitcoin ETFs, marking a historic event as the first simultaneous introduction of many ETFs for a new asset class. Within the first 30 minutes, trading volume across all ETFs exceeded $1.2 billion, indicating strong institutional investor demand.
