If You Invested $1,000 In Bitcoin When The First Bitcoin ETF Was Filed, Here’s How Much You’d Have Today
The Securities and Exchange Commission approved spot Bitcoin ETFs in January 2024, which was a groundbreaking move at the time. The Bitcoin ETFs continue to see huge inflows months after their launch.
Here’s a look back at the multi-year battle to get Bitcoin ETFs approved and how much investors could have made buying Bitcoin (CRYPTO: BTC) when the first ETF was filed.
What Happened: Investors celebrated the approval of Bitcoin ETFs earlier this year, with the SEC approving the first applications for many ETFs.
The approval opened the door for more investors, including institutional investors and retirement accounts, to get exposure to the leading cryptocurrency through the launched ETFs.
Months after launch, Bitcoin ETFs are seeing strong inflows, which could be thanks in part to new optimism for the cryptocurrency sector after the 2024 election. Bitcoin hit new all-time highs after the 2024 election and recently surpassed the $100,000 milestone for the first time.
Last week, Bitcoin ETFs saw net inflows of $2.5 billion, bringing the year-to-date total to more than $36 billion.
Here’s a look at the top Bitcoin ETFs today by assets under management, as reported by ETFdb.
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