Sina21st on Nostr: On the anniversary of the Bitcoin ETFs, let's reflect on the crazy things that ...
On the anniversary of the Bitcoin ETFs, let's reflect on the crazy things that happened in Bitcoin land in 2024. The sheer significance of what we witnessed :
1) Spot Bitcoin ETFs
On January 10th, the SEC approved multiple spot Bitcoin ETFs, enabling investors to gain direct exposure to Bitcoin through traditional brokerage accounts.
Since their debut, investors have collectively put more than $37 billion into spot bitcoin ETFs. Combined with the surge in bitcoin prices, that’s lifted total assets under management (AUM) in the segment to $107 billion.
The IBIT fund alone has attracted $38 billion in inflows, pushing its AUM up to $52.5 billion.
The ETF grew into a $50 billion fund faster than any ETF in history, and it also holds the record for the fastest ETF to $10 billion in AUM.
2) Price Appreciation
Bitcoin crushed the 2021 ATH and ripped to $100K
3) 180 in politics
The re-election of Donald Trump in November 2024 changed everything. Trump signaled a supportive stance toward Bitcoin, appointing pro-crypto officials. Many members of his admin are Bitcoiners or Bitcoin enthusiasts. Bitcoin is no longer the irresponsible magic internet money for the nerds. It is an asset that the president shills!
4) SEC
Gary Gensler was fired primarily because of his anti-Bitcoin policies. in essence, Bitcoin fired him.
5) Strategic Bitcoin Reserve
A bill was introduced by Sen. Lummis and is strongly supported by the admin to establish a Bitcoin strategic reserve.
6) Corporate Bitcoin strategies take off
Microstrategy, Semler Scientific, Meta Planet, and many more companies add to or establish their Bitcoin treasuries. After many years of Michael Saylor pitching this to the corporate world, in 2024, it finally takes off.
7) Regulated Bitcoin Options
A lively options market opens for Bitcoin ETFs, allowing individuals and institutions to exercise more sophisticated strategies.
There is more, but let's just reflect on the significance of these events .... this was just one year.
Imagine what 2025 will bring.
1) Spot Bitcoin ETFs
On January 10th, the SEC approved multiple spot Bitcoin ETFs, enabling investors to gain direct exposure to Bitcoin through traditional brokerage accounts.
Since their debut, investors have collectively put more than $37 billion into spot bitcoin ETFs. Combined with the surge in bitcoin prices, that’s lifted total assets under management (AUM) in the segment to $107 billion.
The IBIT fund alone has attracted $38 billion in inflows, pushing its AUM up to $52.5 billion.
The ETF grew into a $50 billion fund faster than any ETF in history, and it also holds the record for the fastest ETF to $10 billion in AUM.
2) Price Appreciation
Bitcoin crushed the 2021 ATH and ripped to $100K
3) 180 in politics
The re-election of Donald Trump in November 2024 changed everything. Trump signaled a supportive stance toward Bitcoin, appointing pro-crypto officials. Many members of his admin are Bitcoiners or Bitcoin enthusiasts. Bitcoin is no longer the irresponsible magic internet money for the nerds. It is an asset that the president shills!
4) SEC
Gary Gensler was fired primarily because of his anti-Bitcoin policies. in essence, Bitcoin fired him.
5) Strategic Bitcoin Reserve
A bill was introduced by Sen. Lummis and is strongly supported by the admin to establish a Bitcoin strategic reserve.
6) Corporate Bitcoin strategies take off
Microstrategy, Semler Scientific, Meta Planet, and many more companies add to or establish their Bitcoin treasuries. After many years of Michael Saylor pitching this to the corporate world, in 2024, it finally takes off.
7) Regulated Bitcoin Options
A lively options market opens for Bitcoin ETFs, allowing individuals and institutions to exercise more sophisticated strategies.
There is more, but let's just reflect on the significance of these events .... this was just one year.
Imagine what 2025 will bring.